Pumpkin

A new kind of token launchpad, sharing 100% of trading fees, built on @solana.

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[Pumpkin @pumpkindotfun]

After everything we have built, everything the team has tried to accomplish, the team has come to the difficult realization that we have exhausted our funds and can no longer sustain operations. There will be a planned period of time to keep things running to support existing tokens, after which Pumpkin will be permanently shut down. The date for this will be released soon.

We are as disappointed as you are. It is frustrating to see such a good project not gain market share, but the reality is that we are out of funds to push it.

There will be (and have been) many who share(d) their opinions on the mistakes the team has made. There have indeed been mistakes, but the reality is that sometimes you are unable to gain market share in an extremely competitive environment. The entire team worked very hard for this, and we are all disappointed it did not succeed.

This isn't the update we wanted to share, but unfortunately this is where things stand.

We truly appreciate those who supported us along this journey, and wish all of you the best.

[Pumpkin @pumpkindotfun]

Pumpkin Milestones was built to solve a problem the trenches have had for way too long. This year choose a launchpad that listens to the community, and cares about Solana.

Choose Pumpkin.

[Pumpkin @pumpkindotfun]

For too long the focus has been on rewarding token deployers alone. These targeted incentives manifested an imbalance in the trenches, which caused many traders to quit trading and deploy tokens instead.

With more people deploying than trading, tokens stopped running. We have all observed this happening in real time.

Pumpkin Milestones gamifies and balances incentives by rewarding traders and deployers alike with increasing SOL rewards at each Milestone.

1 Token = 1 Ticket

Hit a Milestone and Lucky Draw randomly selects a token holder to win the Milestone prize.

Prize claim window is 24 hours, after which another holder is randomly selected as winner. This repeats until the prize is claimed.

In addition to this deployers receive trading fees at a fixed .672% rate on every buy tx of their token.

Big changes are coming to the Solana trenches on 12/19/25.

It's time to start having fun again.

[Pumpkin @pumpkindotfun]

Milestones in 2026 will change the way the game is played.

[Pumpkin @pumpkindotfun]

Coming 12/19 - Pumpkin Milestones

[Pumpkin @pumpkindotfun]

Coming 12/19 - Pumpkin Milestones

[Pumpkin @pumpkindotfun]

2025 was a big year for Pumpkin.

We started building in October '24.

We launched $PKIN in January '25.

The platform went live in March.

We launched Milestones in December.

We have been here building for over a year, in both up and down markets. We believe in Pumpkin, and we believe in Solana.

From our entire team, Happy New Year!

[SOLhog @TheSOLhog]

We're really close to learning the wrong lesson from 2025.

When Pumpkin introduced creator fee sharing earlier this year it was the first and only Solana launchpad to offer this. It proved to be a big innovation that we identified would require careful balancing - which is why we introduced native token staking rewards along with it.

I have always felt and am on record for saying that an improper balance of incentives between token deployers and token traders puts the entire game at risk of destabilization.

We have watched exactly this play out, and it has been sad to see. The launchpads with more money and bigger names immediately adopted the fee sharing model, but with little to no care or foresight.

For a short time the trenches were ecstatic about the fees that were being shared. It felt like creators/devs/deployers were finally getting their dues.

It didn't last.

The mass adoption of the creator fee sharing model made it -ev for most traders to trade, while simultaneously making it massively +ev to deploy tokens.

Memecoin traders are smart, and able to react and process information quickly - no surprise it took them very little time to pick up on this new edge. Tons of traders did the previously 'taboo' thing and became "devs".

The game breaks without traders, we all know that, but almost no one wants to trade anymore. You can't blame people either, trading was almost always the wrong play when you could make more with little to no risk by mass deploying tokens yourself.

Some predatory/exploitative launch tools didn't help with this, with very little care or thought other than maximum profit for their developers.

These days it seems the general sentiment on CT is that creator fees killed the trenches.

I largely agree with them.

Not because creator fees can't work - hardly - but because major players failed to recognize the fragile balance of incentives in the game we all were playing.

Balance really is fragile, and too often we learn this after the fact.

I'm hoping this time we're not too late to restore it.

[SOLhog @TheSOLhog]

If the tokens you're deploying/trading don't end in "pkin", you're missing out on huge potential rewards.

[Pumpkin @pumpkindotfun]

We keep building. The trenches are weary and growing tired of the old game.

When Milestones start getting hit, people will realize how game changing they can be for both token deployers and traders.

[Pumpkin @pumpkindotfun]

Coming 12/19 - Pumpkin Milestones

[Pumpkin @pumpkindotfun]

Raise your hand if you think there should be a better balance of rewards between token deployers and traders - two hands if you think creators have been getting way too much.

[Pumpkin @pumpkindotfun]

Part of Pumpkin's v2 Milestone release was a visual upgrade, including completely custom Light and Dark modes.

Our team takes great pride in offering what we believe to be the best UX of any Solana launchpad.

We are always building and improving based on user feedback.

[Pumpkin @pumpkindotfun]

@Exley_sol Merry Christmas to you as well 🎄

[Pumpkin @pumpkindotfun]

Merry Christmas and Happy Holidays to one and all from the entire Pumpkin Team.

May all sellers receive coal in their stockings.

[Pumpkin @pumpkindotfun]

@LordOfskils1 Merry Christmas!

[Pumpkin @pumpkindotfun]

As a trader, it's important to understand the status of each Pumpkin Milestone - this one page legend breaks it down in detail so you'll never have to guess.

[Pumpkin @pumpkindotfun]

Feature Highlight - Milestone Alpha

Milestones offer huge SOL rewards, but how do you keep track of which tokens are about to hit their next milestone so you don't miss out?

Milestone Alpha does exactly that, showing you the most recent Lucky Draw, and which tokens are closest to hitting their next Milestone. It's a great feature that allows you to see what is happening at a glance.

[Pumpkin @pumpkindotfun]

Feature Highlight - Milestone Alpha

Milestones offer huge SOL rewards, but how do you keep track of which tokens are about to hit their next milestone so you don't miss out?

Milestone Alpha does exactly that, showing you the most recent Lucky Draw, and which tokens are closest to hitting their next Milestone. It's a great feature that allows you to see what is happening at a glance.

[Pumpkin @pumpkindotfun]

Introducing Mini Milestone

We have added an additional Milestone at ~15k market cap. - this means more milestones being hit, and more Lucky Draws handing out rewards.

Hit ~15k Market cap and a 1.41 SOL reward is up for grabs.

[Pumpkin @pumpkindotfun]

And a Milestone winner was selected with only .16% probability! ~1.4 SOL rewards ready to be claimed.

New claim window reduced to 15 minutes, after which there is a redraw.

[Pumpkin @pumpkindotfun]

@CryptoCoverageX The 9% of supply reserved for milestones is held by a migrator bot that seeds liquidity, as well as seeds the additional Milestone positions after Milestone 1 is completed.

This bot, as well as the LP and related Pumpkin Fund, are blacklisted from winning rewards.

[Pumpkin @pumpkindotfun]

@CryptoCoverageX Docs updated. If you have any questions let us know.

https://t.co/a2u8px1p7Z

[Pumpkin @pumpkindotfun]

@CryptoCoverageX Docs are still being updated.