Risk disclosure

1Memecoins usually go to zero

Most pump.fun coins lose most or all of their value, many within hours or days. Their price rests on attention; no earnings or assets stand behind it.
A coin can be abandoned, dumped by its creator or its largest holders, or targeted by trading bots at any moment.
A maker trades a coin; it does not make the coin worth more, and it cannot create lasting demand.

2Market making can lose money

It buys into falling prices. A maker buys after each fall by its buy trigger. If the coin keeps falling, every buy loses, and with averaging down on it puts in more SOL at each step until its free SOL or a limit runs out.
A stop-loss does not protect a price. The engine checks the market once per pass, every 15 seconds by default, and sells at the price it finds. In a crash the price can fall far through the stop line between two passes, and the sale can fill lower still. A large position sells in pieces, one per pass, while the price keeps moving. A stop-loss also waits up to a minute after another wallet of the maker buys, and a sell that fails on chain, for example on slippage, is tried again 5 minutes later. In the worked example in the docs, a stop line at 57.1 filled at 50. While a maker is paused or the engine is down, stop-losses do not fire at all.
Slippage and price impact. In a thin market a maker’s own trades move the price against it. A trade fills anywhere within the slippage you set, or fails.
Fees eat small moves. pump.fun charges a fee on every buy and every sell. On the bonding curve a round trip costs about 2.5%: a 2% rise loses about 0.5%, and a 5% rise keeps about 2.4%. Network fees add a little on top.
Selling into a rise caps the gain. A maker sells part of its position as the price rises, so it can miss the rest of a run.
Your settings decide the outcome. Presets are starting points, not advice. Settings that suit one coin can lose money on another, and a small maker may not trade at all: capital is split evenly between the wallets, and each needs a min trade plus 0.01 SOL before it buys.
Payouts to you are not the maker’s result. You can be paid your share of one profitable sell while the maker as a whole loses money, because losses are never charged to what you are owed.

3Custody and hot-wallet risk

The Makers server holds the keys of every maker’s treasury and trading wallets. They are hot wallets, online so the engine can sign.
The keys are encrypted and every transaction is checked before it is signed, but someone who takes over the server and its master key can move everything in every maker. Misuse by someone with access to the server, a stolen master key or a software flaw could do the same.
If the service stopped and its keys and backups were lost, the SOL and tokens in maker wallets could not be recovered.
SOL leaves a maker only for its owner wallet. If you lose that wallet, the maker’s SOL cannot be sent anywhere else.
Nothing in a maker is insured or covered by any deposit protection.

4Smart-contract and protocol risk

pump.fun’s programs (the bonding curve, PumpSwap and fee sharing) are third-party code that Makers does not control, and they can have bugs.
pump.fun can upgrade those programs and holds administrative powers over them. It can change fees, pause trading, and change how graduation or fee sharing works. A launched coin’s fee split is locked against changes by you or by Makers; pump.fun, which runs the program that holds it, can still change how it works.
Solana can halt, slow down, drop or delay transactions, and its fees can change.
The Makers software (its engine, its transaction checks and its accounting) can have bugs. It has not been audited by a third party.

5RPC and infrastructure risk

The engine sees the chain through RPC providers. If they fail, lag or return wrong data, the engine can trade late, not trade at all, or misread a price. When it cannot read the market, it waits instead of trading blind.
The Makers server can go down. While it is down nothing trades, claims or pays out, and open positions move with the market.
SOL’s price in USD comes from an outside source. While it is unknown, makers with a price range do not buy.

6Liquidity risk

A coin can have too few buyers to sell into. Selling a position can push the price down a long way, or find no fair price at all.
While a coin moves from its bonding curve to its PumpSwap pool, makers cannot trade it.
Liquidating or closing a maker sells at market, in pieces, and can lock in large losses.

7Regulatory and legal risk

Rules on tokens, market making, automated trading and launchpads differ between countries and keep changing. Using Makers may be restricted or illegal where you are, and a change in the law could force Makers to change or stop the Service.
Authorities could require Makers to restrict access or to hold funds.
You may owe tax on trades, rewards and payouts. Makers does not report or withhold tax for you.

8Your own wallet

Anyone with your wallet’s seed phrase controls your makers: they can sign in, change settings and withdraw to that wallet.
Phishing sites copy launchpads. Check that the address bar says makers.fun before you connect or sign. Makers never asks for your seed phrase. Signing in signs a message and cannot move funds; a launch is a transaction, so read it in your wallet before you approve it.
Changing settings, resuming, liquidating, closing or withdrawing capital asks your wallet to sign an approval: a message naming exactly that one change, valid once for five minutes. Read it before you sign. It is not a transaction and moves no SOL by itself, and SOL only ever leaves a maker to your own wallet.

9No promises

Makers promises no return, price, volume, liquidity or uptime. Numbers on the site describe the past.
Nothing here is financial advice.
Only put in what you can afford to lose entirely.