PumpFun, a launchpad on Solana since January 2024, has announced its PUMP token will launch through an initial coin offering (ICO) starting Saturday, 12 July, at 14:00 UTC, on the Solana blockchain.
A total of 150 billion PUMP tokens, 15 % of the 1 trillion maximum supply, will be sold to the public at US$0.004 each, with another 18%, $180 billion PUMP tokens, already sold privately under the same terms.
The ICO will run until 15 July, at 14:00 UTC, or until all tokens are sold. All tokens will be fully unlocked at launch, with trading expected 48–72 hours after the sale closes.
Participation in the public sale requires KYC through PumpFun’s platform or partner exchanges: Bybit, KuCoin, Kraken, Bitget, MEXC, and Gate.io. Notably, residents of the US and the UK are excluded from the sale due to crypto regulations in the regions.
PumpFun says it has over US$500 million in revenue since its inception. Its goal is to build a decentralized social platform that breaks the dominance of Facebook, TikTok, and Twitch. The team stated, “Our plan is to Kill Facebook, TikTok, and Twitch. On Solana.”
PumpFun’s post on X states that an airdrop is “coming soon”, though details on the timing and eligibility remain unclear.
The ICO aims to raise around US$600 million in public funds, putting PUMP on track for a US$4 billion fully diluted valuation. Tokenomics sets aside 24% of the max supply for community and ecosystem efforts, 20% for the team, 13% for investors, and the rest for liquidity, a foundation, and live-stream incentives.
With launch just around the corner, all eyes are now on whether PUMP can actually deliver on its bold promise to reshape social media.
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