Pump.fun Announces PUMP Token Launch July 12 With 33% Public Sale

The Pump.fun team has officially announced the launch date for its PUMP token, marking a significant milestone for the Solana-based memecoin launchpad. The Initial Coin Offering (ICO) is scheduled to commence on July 12 at 2 p.m. UTC, with a total supply of 1 trillion PUMP tokens. Of this supply, 33% will be allocated for the public sale, with 15% (150 billion tokens) available to the public at a price of $0.004 per token. The remaining 18% has already been sold to early investors, resulting in a fully diluted valuation (FDV) of $4 billion at launch.

The tokenomics of PUMP are designed to support various initiatives within the Pump.fun ecosystem. The distribution of the 1 trillion tokens is as follows: 33% for the public token sale, 24% for community and ecosystem initiatives, 20% for the team, 13% for early investors, 3% for streaming-related activities, 2.6% for liquidity and exchange listings, 2.4% for the ecosystem fund, and 2% for the project foundation. Notably, 3% of the supply is reserved for incentives related to streaming content, aligning with Pump.fun's goal to create a decentralized alternative to major social platforms.

The ICO will be accessible through several major exchanges, including Bybit, Kraken, Bitget, and MEXC. Participants from certain jurisdictions, including the United States and the United Kingdom, will be excluded from the public sale. This restriction is in line with compliance trends observed in recent token sales, as projects aim to mitigate risks associated with high-regulation markets and global sanctions.

Pump.fun has generated nearly $715 million in revenue since launching in January 2024, with over $35 million earned in the last month. However, the project faces competition from LetsBonk, a similar platform on the Solana network that recently overtook Pump.fun in terms of daily revenue and the number of tokens launched. Experts warn that Pump.fun's dominance among Solana launchpads may be challenged as new players experiment with income distribution settings and other mechanics. Despite this, Pump.fun currently holds the lead with over 200,000 tokens created per week, and the exit rate on the DEX is approaching 2%.

The launch of the PUMP token is a strategic move by Pump.fun to establish itself as a leading player in the decentralized social media space. The token's distribution and allocation strategy reflect the project's commitment to fostering a vibrant community and ecosystem, while also providing incentives for content creators and early supporters. As the ICO approaches, the crypto community eagerly awaits the official launch and the potential impact of the PUMP token on the broader market.