Rumors of Pump.fun launching its native PUMP token on Solana have driven significant market enthusiasm. The decentralized platform reportedly plans a public sale of 150 billion PUMP tokens, equating to 15% of its total supply. Each token would be priced at $0.004, positioning the potential fully diluted valuation at $4 billion. The token sale, operating on a first-come-first-served basis, is scheduled to remain open for a 72-hour window upon launch.
Mixed signals from cryptocurrency exchange Gate added uncertainty to the rollout. Gate briefly listed the token sale, specifying a July 12 date, before removing the posting without clarification. This move amplified speculation regarding the legitimacy and timing of the PUMP token debut.
Pump.fun earned recognition for facilitating viral memecoins such as Fartcoin and Peanut the Squirrel. Past emphasis by co-founder Alon Cohen prioritized user-generated projects over introducing a native token, marking a notable strategic shift with this potential launch.
The initiative arrives alongside intensifying competitive pressures. LetsBonk’s BONK token recently surpassed Pump.fun in user engagement metrics, potentially motivating Pump.fun to deploy PUMP tokens as a community incentive tool.
Critical success elements for PUMP include transparent regulatory compliance practices, detailed token distribution plans, and effective integration into Solana’s decentralized finance ecosystem.