Solana Meme Coin Launchpad Pump.Fun's $600 Million Token Sale Teased, Then Pulled
Pump.fun plans to launch its own token, PUMP, with a public sale starting July 12, as indicated by a now-removed page from crypto exchange Gate. The sale will offer 150 billion PUMP tokens, representing 15% of the total supply of 1 trillion tokens, priced at $0.004 each, leading to a fully diluted valuation of $4 billion. The sale can last up to 72 hours and will be conducted on a first-come, first-served basis. There is no upper limit on the number of tokens an individual can purchase, only a minimum required amount. Despite earlier statements from co-founder Alon Cohen denying expectations for a token, interest remains high among users, especially with potential airdrops for early supporters. Pump.fun faces competition from BONK’s meme coin launchpad, LetsBonk, which recently surpassed it in tokens created.
