Why measure Fear & Greed?

The meme market moves in waves. Traders remember the crazy green days, but during fearful markets almost nothing launching is actually tradeable. Forcing entries there usually just burns capital.

When greed takes over, runners start appearing back to back. But with the upside comes crowding, faster rotations, and late-cycle risk.

The Fear & Greed Index turns raw on-chain activity into a simple 0–100 meter showing what regime you are actually trading in. No sentiment feeds. No polls. No vibes. Just swaps.

What counts as a runner?

A runner is a fresh pump.fun launch that actually moves. To qualify, it must:

• hold above a market-cap level for multiple minutes of real trading,
• run at least 3x from launch price,
• attract enough real wallets to show genuine interest.

Wash-traded mints, one-tick pumps, and bundled launches that start artificially inflated are filtered out.

How it works

The Fear & Greed Index looks at every pump.fun swap over the trailing 28 days. Each signal is compared against its own normal range: normal conditions score around 50, while double-normal activity scores 100. The index combines: