In an X post, the meme coin launchpad announced that it is launching its PUMP token through an ICO on Saturday, July 12, an event it intends to use to raise just over $1.3 billion. The platform declared that the plan is to “kill Facebook, TikTok, and Twitch” on Solana.
This confirms an earlier report, which revealed that the Pump.fun token sale event will take place this Saturday. The platform stated that it plans to replace existing social media platforms with one that gives instead of takes.
The platform will raise this $1.3 billion through the sale of 33% of the total supply (1 trillion) of the PUMP tokens. This amounts to 330 billion, which will be available for sale during the ICO event on Saturday. The tokens will sell for $0.004 each, which amounts to $1.32 billion.#solana $SOL
