Pump.fun is launching $PUMP with 150 billion tokens up for public sale beginning July 12 at $0.004 each.
The ICO includes no lockups or vesting, and KYC verification is required through Pump.fun or supported exchanges.
Token transfers will begin 48–72 hours post-sale, with an airdrop expected shortly after the token launch.
Pump.fun, the Solana-based meme coin platform, will officially launch its native token, $PUMP, on Saturday, July 12. The company disclosed the information through its official X account on July 9. The token will be made available to the public through an initial coin offering, offering 15% of its total 1 trillion supply. That equates to 150 billion tokens priced at $0.004 each.
The sale follows a private round in which 18% of the token supply was sold to institutional investors under the same price and conditions. The public sale will begin at 14:00 UTC on July 12 and close either when all tokens are sold or at 14:00 UTC on July 15. U.S. and U.K. residents are not eligible to participate due to regulatory constraints.
Verification and Exchange Options
To take part in the ICO, users must complete a mandatory KYC verification. The process can be done either on Pump.fun’s dedicated token site or through affiliated partner exchanges. These include Bybit, Kraken, Bitget, MEXC, KuCoin, and Gate.io. Tokens purchased will be fully unlocked from launch, with no vesting or lockup periods applied.
Although the token’s utility remains under development, some features are currently under review. These include potential use for fee rebates, platform buybacks, and incentives for creators. In addition to the public and private sale allocations, 24% of the token supply is set aside for community and ecosystem growth. The team will hold 20%, while early investors will receive 13%.
Ongoing Legal and Market Conditions
The ICO comes amid a shifting competitive landscape. While Pump.fun generated over $720 million in fees since January 2024, recent months have shown a decline in revenue. The platform’s market share has dropped below 60%, with rivals like Let. Fun gaining traction. A recent update introduced one-click trading and a live movers feed.
Some community members have voiced concerns about the ICO, citing past comments from co-founder Alon, who previously criticized presales. Gate.io’s brief pre-listing of $PUMP, followed by a withdrawal and refund due to unresolved terms, also drew attention.
The post Pump.fun Launches $PUMP Token via ICO on July 12 with 15% Supply appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
