Analyzing Slippage: A Quantitative Study of Pumpfun’s Trading Dynamics

Have you ever sent 1 SOL on Pumpfun only to receive far fewer tokens than you expected? That unwelcome surprise is known as slippage: the hidden cost of executing fast trades in volatile markets. In decentralized finance, slippage refers to the gap between the price you anticipate when submitting a swap and the actual price at which it executes.