The Solana-based meme coin platform Pump Fun plans to launch its native token PUMP on Gate on July 12, with a total issuance of 1 trillion tokens. The first round of sales will release 15%, priced at 0.04 USD equivalent in USDT per token. The sale will last for 72 hours, following a first-come-first-served mechanism, with no subscription limit; prior reports indicated that the platform is seeking financing at a valuation of 4 billion USD and is considering introducing a revenue-sharing mechanism for the tokens. [The Block]