Priced against the Nasdaq 100. Every fee goes back into the pool.
contract address at launchPriced in QQQX
Almost every memecoin is paired against SOL.
BUBBLE is paired against QQQX, a tokenized Invesco QQQ. So the asset backing the liquidity is the hundred largest companies on the Nasdaq, which has gone up over every long stretch anyone has measured. The standard advice for investors is to buy an index fund.
When SOL drops, a SOL-paired pool loses backing at the same time everything else is falling. A QQQX-paired pool is tied to something that has survived far more than a cycle. Different risk, and a slower one.
At launch
Quoted in QQQX, with the creator fee set to 1.75%.
About 3.15 SOL of our own, bought straight off the curve at launch.
Paired against QQQX in a Raydium CPMM pool, constant product, on the 1% fee tier. Meteora and PumpSwap won't quote QQQX, Raydium will. A second book behind every trade, so the same sell moves price far less.
Then it repeats
Two sources. Creator rewards from the pump.fun curve, paid in the quote asset, QQQX. Trading fees from the Raydium pool, paid in QQQX or BUBBLE depending which side a trader sent in. Both land in the same wallet, so it ends up holding a mix of the two.
A CPMM position takes equal dollar value of QQQX and BUBBLE, and fees never arrive as a clean 50/50. So the excess gets traded into the short side until the two dollar amounts match. Pump pays quote only, which means QQQX is almost always the excess, and closing the gap is a market buy of BUBBLE. On the rare day BUBBLE is the heavy side, it sells instead.
After the rebalance both sides hold the same dollar value, which is what the Raydium AMM takes. They go in together, so the ratio is unchanged and the price doesn't move. Only the depth does.
Live
The pump.fun curve and the Raydium pool, read from chain.
Ledger
Every claim, rebalance and deposit, with its time, amount and transaction.
FAQ
We do, and it can be withdrawn. Check the ledger and the wallet, and judge the behaviour rather than the words.
A tokenized Invesco QQQ on Solana, issued by Backed Assets, tracking the Nasdaq 100. Pairing against it is what makes BUBBLE a ratio to the index instead of to SOL.
A burn lifts the price and leaves the pool exactly as thin as it was. Adding puts the tokens back with matching QQQX, so the depth stays and the next seller gets a better price out of it.
Probably not. Most of these go to zero and this one has no product, no revenue and no plan beyond the pool getting deeper. Buy accordingly.