Pump.fun to Introduce PUMP Token with Upcoming ICO Launch
The PUMP token, set for release on July 12, will allocate 33% of its total supply during the ICO, priced at $0.004 each.
Pump.fun to Introduce PUMP Token with Upcoming ICO Launch
The PUMP token, set for release on July 12, will allocate 33% of its total supply during the ICO, priced at $0.004 each.
Pump.fun is preparing to roll out its PUMP token through an Initial Coin Offering (ICO) scheduled for Saturday, July 12. The ICO will see 33% of the total supply made available to the public at a starting price of $0.004 per token, which will be fully unlocked from day one.
U.S. users are not eligible to participate in this sale, as KYC verification is mandatory on pump.fun or affiliated exchanges.
Pump.fun aims to establish itself as a decentralized alternative to existing social media giants like Facebook, TikTok, and Twitch.
The company emphasizes that PUMP is the “official native token” of its platform, which intends to offer rewards based on attention rather than mere engagement metrics.
Overview of Token Distribution:
- 33% to be sold during the ICO.
- 18% previously sold in a private offering.
- The remaining stock includes allocations for community and ecosystem initiatives, the core team, investors, and liquidity.
KYC may be completed through a number of exchanges including Bybit, Kraken, Bitget, MEXC, KuCoin, and Gate.io.
Pump.fun recently reported rapid revenue growth, achieving $100 million, $300 million, and $500 million in quicker succession than any prior company, primarily driven by continuous issuance of meme coins in trending topics, where the platform takes a commission on every transaction.
The platform has become a key player in Solana’s meme coin boom since early 2024, recognized for its seamless token launches and high-profile viral events.
