risks

holding a coin is not ownership of the thing. the goal wallet holds sol. the thing, once bought, sits with the custodian under the structure declared at launch. unless the structure is a legal wrapper with its own documents, holders have no legal claim on the asset.

the goal wallet is held by irl, not by a contract. the rules are published and every movement is on chain, but they are our rules, enforced by our code. if irl's keys or servers fail, goal money is at risk.

the custodian can act badly. they decide how the released money is spent. the delay and the memo give notice, not protection. check who the custodian is.

a target is a number, not a promise. the bar moves only while people trade (0.30% of volume) or send sol to the goal wallet. a coin can stall far from its target for a long time or forever. nothing pays interest, nothing is guaranteed to fill.

prices move. the coin trades on a bonding curve and then on pumpswap. it can go to near zero. pump.fun can change a coin's creator through its own admin, which is outside irl's control.

irl is not audited. pump.fun sets its own access rules by country; your own jurisdiction applies.

nothing is launched until the deployer address on the rules page is filled.