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On October 31, 2023, Wayback still shows pump.fun as a quiet invite page: a marble bust at the top, the line “Raise money for yourself and share profits with the community,” fake ticker social proof, and a form asking whether you wanted to raise money or invest. That was the leftover skin of the team’s earlier SocialFi / creator-fundraising experiments on a domain they had already bought for $300 — same company, Baton Corporation, different product. Nine days into January they posted the “Introducing Pump” thread; on January 19, 2024 they flipped the same URL into a Solana bonding-curve launchpad and the bust disappeared. What replaced it was the green-and-white capsule, a board of instant-mint coins, and a machine that went from $7k of day-one volume to the default factory for Solana memecoins, then PumpSwap, a mobile app, livestreams, the $PUMP ICO, and a DevCo of tens of people. The archive is the missing frame: the domain was already theirs, the name was already a joke people told them not to use, and the page that looked like a failed invite list is what sat there right before they shipped the thing that ate the trenches.