Pump.fun to Launch $PUMP Token via ICO on July 12 – Plans to Take on Facebook, TikTok, and Twitch
2025-07-09 18:09:55
Main Idea
Pump.fun is launching the $PUMP token via an ICO on July 12, aiming to raise $600 million to compete with major social media platforms, despite recent declines in trading volume and mixed community reactions.
Key Points
1. The $PUMP token ICO will run from July 12 to July 15, offering 150 billion tokens at $0.004 each, targeting a $600 million raise.
2. The token sale excludes participants from the US, UK, and EU-regulated platforms due to regulatory concerns.
3. Pump.fun aims to disrupt social media monetization and censorship, leveraging Solana for its memecoin platform.
4. Community reactions are mixed, with some expressing concerns about the ICO's impact on the memecoin market, as seen in previous declines of other Solana-based memecoins.
5. Pump.fun has faced a 75% decline in trading volume since January, with competitor LetsBonk recently surpassing its daily revenue.
Description
Pump.fun, the prominent Solana-based memecoin launchpad , has announced that its public token sale will commence on Saturday, July 12, at 14:00 UTC, and will continue until July 15th or until the token allocation is exhausted. Based on an official announcement from July 9, the initial coin offering (ICO) will operate under a first-come, first-served framework, with 150 billion PUMP tokens priced at $0.004 per token made available. the moment you’ve all been waiting for $PUMP is launching through...
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