PumpFun Unveils PUMP Token ICO and Upcoming Airdrop on Solana
PumpFun, a Solana-based launchpad operational since January 2024, has revealed plans to introduce its PUMP token via an initial coin offering (ICO) kicking off on Saturday, July 12, at 14:00 UTC, leveraging the Solana blockchain’s efficiency.
The ICO will offer 150 billion PUMP tokens, representing 15% of the total 1 trillion token supply, priced at $0.004 per token. An additional 18% (180 billion tokens) has already been allocated through a private sale under identical terms.
The public sale will conclude on July 15 at 14:00 UTC or when all tokens are sold out. Tokens will be fully unlocked upon launch, with trading anticipated to commence within 48–72 hours post-sale.
To participate, users must complete KYC verification via PumpFun’s platform or partnered exchanges, including Bybit, KuCoin, Kraken, Bitget, MEXC, and Gate.io. Due to regulatory restrictions, residents of the United States and the United Kingdom are ineligible to join the ICO.
PumpFun reports generating over $500 million in revenue since its launch. The platform aims to create a decentralized social ecosystem, challenging the dominance of major platforms like Facebook, TikTok, and Twitch. The team boldly stated, “We’re set to disrupt Facebook, TikTok, and Twitch using Solana’s technology.”
A recent X post from PumpFun hinted at an upcoming airdrop, though specifics regarding timing and eligibility are yet to be disclosed.
The ICO is projected to raise approximately $600 million, positioning PUMP for a $4 billion fully diluted valuation. The token distribution allocates 24% to community and ecosystem initiatives, 20% to the team, 13% to investors, and the remainder to liquidity, a foundation, and incentives for live-streaming.
As the launch date approaches, the crypto community is eager to see if PUMP can fulfill its ambitious vision of revolutionizing social media.
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