Pump.fun Team Announces PUMP Token Launch Date

On July 12, the PUMP token from the Pump.fun platform will launch in an initial coin offering (ICO). According to the project’s tokenomics, the total issuance will amount to 1 trillion PUMP. During the ICO, the ”meme-token factory” plans to sell 33% of the tokens at $0.004 per coin—18% in private rounds to institutional buyers and 15% in public offerings. The sale will last until July 15 or until all assets are sold. U.S. and U.K. residents cannot participate in the public sale. The initial offering will take place on the centralized exchanges Bybit, Kraken, Bitget, and MEXC. Token Distribution The remaining tokens will be allocated as follows: 24% to community and ecosystem initiatives 20% to the team 13% to investors 4.4% to project funds 3% for streaming 2.6% for liquidity The Pump.fun team did not disclose additional information about an airdrop or other incentive initiatives for the community. According to DeFi Llama , the meme-token platform has generated nearly $715 million in revenue since launching in January 2024. Pump.fun earned more than $35 million in the last month. However, the project has a competitor on the Solana network—LetsBonk. On July 8, LetsBonk’s launchpad overtook Pump.fun in terms of daily revenue and the number of tokens launched. Experts Warn of Pump.fun’s Waning Influence Among Token Launch Platforms Pump.fun’s dominance among Solana-launchpads may shake as new players experiment with income distribution settings, ”binding curves,” and other mechanics. Blockworks Research writes that. According to experts, such platforms have become the ”basic primitive” of public marketplaces. 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 pace has halved since January, but relative to the summer of 2024 has increased by more than 100%.

Source: Coinpaper