Pump.fun to launch PUMP token via ICO on July 12 — what you need to know
2025-07-10 06:39:27
Main Idea
Pump.fun, a Solana-based memecoin launchpad, is launching its official token PUMP through an initial coin offering (ICO) on July 12, with 15% of the total supply available to the public at $0.004 per token.
Key Points
1. The ICO will offer 150 billion PUMP tokens (15% of the total 1 trillion supply) to the public, priced at $0.004 each, with no lockups or vesting.
2. Participants must complete KYC verification, and the sale will run from July 12 to July 15, excluding U.S. and U.K. residents.
3. Token allocation includes 24% for community/ecosystem initiatives, 20% for the team, and 13% for existing investors.
4. Pump.fun has generated over $720 million in fees since January 2024, but its market share has recently fallen below 60% due to competition.
5. A version 2.0 update introduced features like one-click trading and a 'movers' feed to maintain competitiveness, and an airdrop is expected post-launch.
Description
Pump.fun, the Solana-based memecoin launchpad, is launching its official token, PUMP, through an initial coin offering on Saturday, July 12. The official announcement was made on July 9 via Pump.fun’s official X account. The ICO will offer 15% of the total token supply, totaling 150 billion out of a 1 trillion maximum, to the public. An additional 18% has already been sold in a private sale to institutional buyers under the same terms. Each PUMP token is priced at $0.004. With no lockups or vest...
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