Coinbase Lists $PUMP Token Ahead of July 12 ICO

Coinbase has announced the listing of the $PUMP token ahead of its Initial Coin Offering (ICO), scheduled for July 12. The token is associated with Pump.Fun, a memecoin launchpad built on the Solana blockchain. The listing is set to go live around July 10, providing early access to what is anticipated to be one of the most anticipated Solana-based launches of the year.

The ICO will offer 33% of the total 3 trillion token supply, with retail investors having access to 15% of that supply. The price per token is set at $0.004, matching the rate given to early backers. The remaining supply will be distributed among team members, early investors, ecosystem incentives, and features such as livestream support. Trading on other major platforms like Bybit, Kraken, and KuCoin is expected to begin 2–3 days after the ICO, a measure aimed at mitigating post-sale volatility.

Pump.Fun has also acquired Kolscan, an analytics tool that tracks wallet activity and ranks top traders. This integration is designed to enhance the trading experience by providing real-time performance data and allowing users to compare strategies. Co-founder Alon described the tool as a way to make trading more social and engaging, offering insights that can benefit both new and experienced users.

With its listing on major exchanges and the development of a social-oriented trading platform, Pump.Fun aims to differentiate itself from other memecoin projects. The company's focus on creating an interactive and informative trading environment could attract a broader range of investors and traders, potentially driving long-term growth and sustainability for the $PUMP token.