🚀 Pump.fun Set to Launch \$PUMP Token on July 12
Pump.fun, Solana’s biggest meme coin launchpad, is launching its native token, **\$PUMP**, via an ICO on July 12. They’re aiming to raise up to **\$600 million** by selling 15% of the 1 trillion supply at \$0.004 each—valuing the project at a massive **\$4 billion** FDV.
## 📊 Tokenomics at a Glance
* **33%** ICO
* **24%** Community/Ecosystem
* **20%** Team
* **13%** Investors
* **10%** Liquidity & Foundation
Tokens will be fully unlocked on day one, with transfers opening 48–72 hours after the sale.
## 🌐 Major Exchange Support—but Restrictions Apply
The ICO will run on **Bybit, Kraken, KuCoin, Gate.io, MEXC, and Bitget**, making it highly accessible. However, **US and UK users are excluded** due to regulatory concerns
## 📉 Market Challenges
Despite the hype, Pump.fun’s daily revenue has fallen sharply—down **92%** from its January peak, now around \$500K/day. Competitor **LetsBONK.fun** is overtaking it in revenue and user traction.
## ⚡️ Community Buzz and Criticism
Some call out the irony of co-founder Alon Cohen—who previously bashed presales—now doing one with centralized exchanges. A briefly leaked Gate.io sale page also sparked transparency concerns.
## 🎯 Big Ambitions Ahead
Pump.fun doesn’t want to stay a meme-coin factory. The vision? A **Solana-powered social platform** to rival Facebook, TikTok, and Twitch.
**What do you think? Will \$PUMP moon or bust? Drop your thoughts below!**
