A ~19-hour-old pump.fun memecoin riding the Trump "tariff dividend" rumor — dressed up with an official-sounding name. It is not the Falcon USDf stablecoin and not a government fund.
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The one number everything hinges on — so we measured it with live on-chain sell quotes, not the aggregator headline.
The freely-tradeable float is only about 1% of supply (~10M tokens), trading against a single $3.2M PumpSwap pool. A tiny float plus modest buying is exactly what levers a notional $1.24B out of almost nothing. Here's what a real sell actually returns:
| You sell | Nominal value | You actually get | Haircut |
|---|---|---|---|
| 100 USDF | $124 | $123.80 | 0.005% |
| 10,000 USDF | $12,400 | $12,285 | 1.3% |
| 100,000 USDF | $124,000 | $114,866 | 7.7% |
| 1,000,000 USDF (0.1% of supply) | "$1.24M" | $696,253 | 44% |
Selling just one-tenth of one percent of the supply cuts the price nearly in half. Any position of real size is effectively trapped. Measured live via Jupiter swap quotes (USDF→USDC).
"USDF / United States Dividend Fund" is a Solana memecoin built on President Trump's floated — and unenacted — tariff-funded dividend. The brand site (usdf.live) markets it as "a tokenized fund that generates wealth for investing Americans," then disclaims on the same page that it "is not affiliated with or operated by the White House, U.S. Treasury, IRS, or any other U.S. government agency." There is no fund administrator, no audited financials, and no mechanism that turns a token into a dollar.
Despite the near-identical name, it is not "Falcon USD / USDf," the real synthetic-dollar stablecoin — that one trades at $1.00; this trades like a volatile meme ($1.24, +2.5M% in 24h). And note: multiple different contracts circulate under the name "USDF." The widely-reported original launched Sept 17, 2026 and already collapsed ~90%. This mint is a separate, ~1-day-old contract (pool created 2026-10-07) now flashing a fresh $1.24B headline — exactly the copycat/wrong-contract trap to watch for. This specific mint lists no website or socials on DexScreener.
The honest split: the contract-level rug boxes are clean — the danger is structural.
It isn't a scam in the narrow sense — the mint/freeze/LP boxes are clean and you can sell. But it is a hollow, low-float pump wearing a government-fund costume: a ~19-hour-old meme on an unenacted political rumor, where the "$1.24B" is ~99% phantom and the real exitable value is about $1.5M. For a grid / range-trading bot it's too thin and too hollow — 44% slippage on a $1.24M clip, decaying volume, and a bundle-controlled float. If you touch it at all, size it as money you've already written off.