Pump.fun Prepares for PUMP Token Trading with Airdrop to Wallets

Pump.fun is preparing for its native PUMP token to start trading on July 15. A series of sales through exchanges have taken place, and some PUMP tokens have been airdropped to user wallets. However, a user accidentally burned 10M PUMP tokens valued at $75,000 while trying to clear spam assets. The tokens are initially untradable and untransferrable during the distribution phase.

Pump.fun, a prominent Solana-based memecoin launchpad, is gearing up to start trading its native PUMP token on July 15. The company has already conducted several sales through various exchanges, and some PUMP tokens have been airdropped to user wallets. However, a significant incident occurred when a user accidentally burned 10 million PUMP tokens, valued at $75,000, while attempting to clear spam assets from their wallet.

The PUMP token, which is set to be the official native token of the Pump.fun protocol, was launched via an Initial Coin Offering (ICO) on July 12. The ICO aimed to generate up to $600 million in funding and accounted for 15% of the token’s total supply. The ICO was open to the public from July 12 to July 15, with 150 billion PUMP tokens priced at $0.004 each [2].

The tokenomics of PUMP are as follows:
- 33% allocated to the ICO
- 24% reserved for community and ecosystem initiatives
- 20% to the team
- 2.4% to the ecosystem fund
- 2% for the foundation
- 13% to existing investors

Despite the excitement surrounding its token launch, Pump.fun has faced criticism and market reactions. Some prominent Solana memecoin key opinion leaders, such as "Bonk Guy," have expressed concerns about the platform's market impact. Following the ICO announcement, several leading Solana-based memecoins experienced significant declines, including FARTCOIN, WIF, and POPCAT [2].

Pump.fun has also experienced a substantial decline in trading volumes since the memecoin market peaked in January. According to Dune Analytics, the platform's daily trading volume has decreased by 75% [3]. Additionally, a competitor, LetsBonk, has surpassed Pump.fun’s daily revenue generation, achieving $1 million in earnings [3].

In a recent incident, a user accidentally burned 10 million PUMP tokens while trying to clear spam assets from their wallet. The tokens were initially untradable and untransferrable during the distribution phase. This incident highlights the importance of user education and caution when handling cryptocurrencies.

References:
[1] https://www.coindesk.com/markets/2025/07/09/pumpfun-to-launch-pump-token-via-ico-on-july-12
[2] https://www.tradingview.com/news/cryptonews:9f3db0ceb094b:0-pump-fun-to-launch-pump-token-via-ico-on-july-12-plans-to-take-on-facebook-tiktok-and-twitch/
[3] https://thecryptobasic.com/2025/07/14/user-accidentally-burns-10000000-pump-tokens-following-ico/