Pump.fun Lists PUMP Token on July 12 at $0.04 USDT

Pump.fun, a platform built on the Solana blockchain that enables users to create memecoins, has announced that it will list its upcoming PUMP token on July 12. The token sale will be hosted on the Gate exchange and will last for 72 hours. During this period, 150 billion PUMP tokens will be made available at a price of $0.04 worth of USDT, representing 15% of the total supply of 1 trillion PUMP tokens. The sale will follow a first-come, first-served basis, with no upper limit on individual purchases as long as the quota is sufficient.

The listing of the PUMP token is a notable development for Pump.fun, which has been a key player in the memecoin market since its inception in early 2024. The platform has facilitated the creation and trading of numerous memecoins on the Solana blockchain, achieving peak daily revenues of over $7 million on January 23, 2025. However, recent data shows a decline in daily revenues to around $1 million. Despite this, Pump.fun has amassed approximately $700 million in cumulative revenue, establishing itself as one of the most successful projects in the cryptocurrency space.

The decision to list the PUMP token aligns with Pump.fun's efforts to raise capital at a $4 billion valuation. The team is also exploring the possibility of incorporating a revenue-sharing mechanism for its native token, which could make it more attractive to investors. The platform's co-founder first hinted at a token launch in October of the previous year, and the upcoming listing is the result of the team's endeavors to expand its offerings and engage with the broader cryptocurrency community.

The listing of the PUMP token on July 12 is anticipated to attract considerable interest from crypto enthusiasts and investors. The first-come, first-served nature of the sale, combined with the lack of an upper purchase limit, could result in high demand and potential competition among buyers. The potential inclusion of a revenue-sharing mechanism could provide additional incentives for long-term holding and investment in the PUMP token.

In summary, Pump.fun's plans to list its PUMP token on July 12 represent a strategic initiative to leverage its success in the memecoin space and attract further investment. The token sale, with its distinctive pricing and distribution model, is set to generate substantial interest and could potentially drive the platform's growth and development within the cryptocurrency ecosystem.