Pump Token Launch Set as SEC Moves to Accelerate Solana ETF Approvals
2025-07-08 05:22:19
Main Idea
Pump.fun is launching its PUMP token on Gate.io with a $6 billion fundraising goal, while the SEC may accelerate the approval of a spot Solana ETF.
Key Points
1. Pump.fun's PUMP token sale starts on July 12, offering 150 billion tokens at $0.04 USDT each, aiming for a $6 billion raise.
2. The PUMP token accounts for 15% of the total 1 trillion supply, targeting a $4 billion valuation for the project.
3. Pump.fun has generated $700 million in cumulative revenue, with peak daily revenues exceeding $7 million in January 2025.
4. The SEC may fast-track the approval of a spot Solana ETF, with potential approval ahead of the October 10 deadline.
5. The REX-Osprey Solana and Staking ETF (SSK) has already launched, becoming the first Solana-related ETF to trade publicly.
Description
Solana’s ecosystem is set for a busy month. Meme coin platform Pump.fun has announced that its PUMP token will launch on Gate.io starting July 12, offering 15% of its total supply in a 72-hour sale. The announcement comes as the US Securities and Exchange Commission (SEC) signals an accelerated timeline for spot Solana ETFs, requesting amended filings from issuers before the end of July. Pump.fun to Launch PUMP Token With $6B Ambitions as Solana Meme Coin Craze Evolves In a highly anticipated st...
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