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Pump.fun to Launch PUMP Token ICO on July 12 as Part of Decentralized Social Media Push
Pump.fun, the Solana-based meme coin platform known for enabling fast and viral token launches, is preparing to launch its official PUMP token through an Initial Coin Offering (ICO) on Saturday, July 12. The move is part of the company’s broader plan to build a decentralized alternative to major social media giants like Facebook, TikTok, and Twitch.
The platform aims to create a new social ecosystem where attention translates into monetary rewards rather than just likes or engagement metrics.
Tokenomics and ICO Details
- Total Supply: 1 trillion PUMP tokens
- ICO Allocation: 33% of total supply
- Private Sale: 18% of tokens already allocated
- Public Sale: 15% available on launch day
- Price: $0.004 per token for both private and public sales
- Unlock: All tokens sold in the ICO will be fully unlocked from day one
Additional allocations of the PUMP supply include:
- 24% for ecosystem and community initiatives
- 20% for the core team
- 13% reserved for investors
- 2.6% for liquidity
- Remaining tokens split between a foundation fund, live streaming incentives, and a 2.4% ecosystem fund
Participation Requirements and Restrictions
To participate in the public sale, users must complete Know Your Customer (KYC) verification through pump.fun or partner exchanges such as Bybit, Kraken, Bitget, MEXC, KuCoin, and Gate. Importantly, U.S. users are excluded from the public sale due to regulatory restrictions.
Platform’s Explosive Growth
Pump.fun claims it achieved revenue milestones of $100 million, $300 million, and $500 million faster than any company in history, driven largely by its rapid launch model for memecoins based on viral trends. The platform takes a cut from each token issuance and transaction volume, fueling its explosive growth and placing it at the heart of Solana’s meme coin boom since early 2024.
