Recently, the most关注 in the market is the upcoming token launch of the issuing platform pump on Solana. How to say, from the current perspective, there are mostly criticisms, with people saying that the project team just wants to make money, rushing to issue tokens to cash out while the market is still decent, and is the next ape-like situation.

To briefly explain the specific situation, you can weigh it yourself, after all, right or wrong will be determined by the market.

Pump will start its ICO public offering on July 12th, in addition to a few mainstream exchanges like Binance and OKEx, with a valuation of 4 billion, no lock-up, first come, first served!

The maximum supply of $PUMP is 1,000,000,000,000 and will be distributed as follows:

33% will be sold in the initial token offering

24% reserved for community and ecosystem programs

20% allocated to the team

2.4% for ecosystem fund

2% for the foundation

13% for existing investors

Live broadcast commission 3%

2.6% for liquidity + exchanges

【Only 15% is for retail public offering】

【Starting at 14:00 UTC on Saturday, July 12th, until sold out or 72 hours end】

That means they are looking to raise about 1.32 billion USD! Plus, the income over the past two years is about 700 million USD, which means the pump team will have a cash reserve of 2 billion USD.

Currently, there are two viewpoints in the market:

1. Bearish camp: Criticizes the project team for continuously selling and cashing out, seizing this opportunity to cash out big, eventually leading the tokens to zero...

2. Bullish camp: pump.fun has brought innovation to the market, the project team's income is deserved, plus this public offering, the project team will have a cash reserve of 2 billion USD, with strong market-making ability, and with the market FUD dominating, it may lead to a price surge.

How to say, the benevolent see benevolence and the wise see wisdom! Let's wait to see when it goes live.