07.07.2025 23:40

Pump.fun, a Solana blockchain-based memecoin platform, is launching its utility token, PUMP, in a public sale commencing July 12th, 2025. This public offering, available on both Gate.io and Pump.fun's website, will distribute 150 billion PUMP tokens at a price of $0.004 per token, representing 15% of the total supply and resulting in a project valuation of $4 billion.


Initially, information from Gate.io, subsequently removed following widespread social media discussion, indicated a first-come, first-served allocation process spanning 72 hours or until sold out. While there will be no maximum purchase limit, a minimum purchase amount will be required. Further details regarding token distribution and trading will be disseminated via official channels.


The PUMP token serves as the utility token for the growing Pump.fun ecosystem, a platform designed for frictionless memecoin creation and trading on the Solana network. Unlike many projects, Pump.fun boasts a completely transparent and decentralized approach, eliminating pre-mine allocations, team token distributions, and trading fees. This zero-fee structure, combined with the ease of minting new tokens using a standard fair launch model, has proven attractive to both traders and memecoin developers.


Despite the upcoming token launch, Pump.fun has experienced a considerable revenue downturn. User engagement has waned, resulting in a 92% revenue decline since its January peak. This decline highlights the inherent volatility and challenges in the memecoin market, even for platforms offering seemingly innovative functionalities.