How Pump Capital works

What this is

Pump Capital is a paper trading desk for Solana memecoins. You get simulated capital and trade it against live prices pulled from real pools. Positions never touch the chain, nothing is ever charged, and you cannot lose your own money because you never deposit any.

There is no evaluation to pass. No profit target, no drawdown limit, no daily loss cap, no minimum activity. A desk cannot be failed or shut down, and you can reset it whenever you like. The only place a rule appears is the round payout, because that pays real SOL and therefore has to be earned in a way that can be defended.

Desks and sizes

A desk size is a starting balance and nothing more. A bigger balance buys more room to trade, not a harder test — the fee rate and every rule are identical across all three.

Resetting a desk returns it to its starting balance and clears the book. It is free and unlimited, with one consequence: a reset inside an open round disqualifies that desk from the round's prize. Otherwise you could reroll until one lucky entry landed and get paid for the survivor.

How prices are decided

A token has many pools and they do not always agree. Taking the deepest pool's price sounds reasonable and is how you get filled at a price that never existed — one measured pool quoted a token at over five thousand times what twenty-eight other pools agreed on.

So price is the median across pools that agree with each other. Pools that disagree with the consensus are discarded, and the surviving count is shown beside every token as “N pools agree”. One pool priced means exactly that — a single pool cannot agree with anything, and the board says so rather than implying a consensus.

This is also the anti-impersonator rule. Search ranks on how many pools agree, not on liquidity, because liquidity is rentable and cross-pool agreement is not. A fake with millions in one pool ranks below the real token with a fraction of the depth spread across many.

Every row carries its full mint address in its accessible name, so five tokens all called BONK are still distinguishable to a screen reader and to anyone checking before they buy.

Placing an order

You choose a size in dollars or in SOL. If you enter SOL, the server does the conversion at its own rate when the order lands — never the browser's, which would be both stale by the time you press the button and unverified.

The fee comes out of the size rather than being charged on top. An order spends exactly what you typed:

The fee stands in for slippage and priority fees, and it is charged again on the way out. It is not revenue — nothing here is ever billed to you.

Orders are capped to real pool depth

A fill is quoted at the mid-price with no market impact, which is only honest for an order small enough that impact would not dominate. Above that, the recorded entry price becomes a number you could never have achieved — and since paper returns now decide who receives real SOL, that is a way to manufacture a win.

So one order may take at most 1% of the pool's depth, and any market below $1,000 of liquidity is untradable regardless of order size. In a $250,000 pool the largest single fill is $2,500. A token whose depth cannot be read at all is refused rather than treated as unlimited.

Selling, in part or in full

You can sell any fraction of a position — a slider with 25 / 50 / 75 / 100 shortcuts. The fraction applies to what is currently left, so selling half twice leaves you a quarter, and it is re-applied on the server against the locked row rather than trusted from the browser.

Each slice takes a proportional piece of the cost basis and the entry fee with it, so the remainder keeps an honest average. Selling the last dust of a position closes it outright instead of leaving a row worth fractions of a cent.

What counts as a trade

One entry sold in four slices is one trade, not four. Every slice is a fill and carries the id of the entry it came from, and anything that counts trades — the qualifying minimum, your win rate, the standings — groups on that origin.

This matters more than it sounds. Counting rows instead would let a single losing entry sold in profitable pieces report a win rate above zero, and would satisfy the 5-trade payout minimum with one position. Where the interface says “fills” it means rows; where it says “trades” it means entries.

Getting paid

Rounds pay real SOL to the top desks by realised return, sent as an ordinary Solana transaction anyone can look up. The full mechanics, the prize wallet balance and every past payout are on the funding page.

Because paper profit is free to manufacture, a payout qualifies how a return was made and not merely its size. Three guards, each of which independently blocks a desk:

The standings rank lifetime return; the prize ranks return earned inside the round for qualifying desks only. The two orders genuinely differ, and the standings name the blocking reason next to any desk that is out — while there is still time to fix it.

Rounds are opened and settled by hand today, deliberately, so a first payout can be watched rather than trusted to a schedule.

What we never do

• Take custody of your funds. There is no deposit and no wallet connection required to trade.
• Charge you anything. No evaluation fee, no subscription, no card.
• Put your positions on-chain. Fills are simulated against real prices; only payouts are transactions.
• Sell an edge with the token. Holding $PC buys no capital, no standing and no better fill — desks are ranked on trading alone.
• Ask for a private key. Getting paid needs a public address and nothing else.