The post Pump.fun Confirms $1.3B ICO for $PUMP Token on July 12: Details appeared first on Coinpedia Fintech News
Pump.fun, a top-tier memecoin launchpad on the Solana (SOL) network, has confirmed the schedule of the Initial Coin Offering (ICO) for its $PUMP token. According to the announcement on Wednesday, July 9, Pump.fun has scheduled the $PUMP ICO on July 12, 2025.
The $PUMP ICO offering will involve 33 percent of the maximum supply of 1 trillion tokens, out of which 18 percent was allocated to private institutional buyers and the remaining 15 percent to public investors. Each $PUMP token will be sold for $0.004, thus the ICO will raise $1.32 billion.
Crypto investors seeking to participate in the $PUMP ICO can join through Bybit, Kraken, KuCoin, Gate.io, MEXC, and Bitget.
Closer Look at Tokenomics for $PUMP Token
The largest share of the $PUMP supply, amounting to 33 percent, was allocated to the upcoming initial coin offering. Worth noting that all the $PUMP tokens involved in the upcoming ICO will be unlocked immediately.
The community and ecosystem initiatives were allocated 24 percent of the token’s maximum supply. The Pump.fun team was allocated 20 percent, while the existing investors received an allocation of 13 percent.
The ecosystem fund, the foundation, the live-streaming feature, and the exchanges liquidity received 2.4%, 2%, 3%, and 2.6% respectively.
Market Outlook for Pump.fun
The Pump.fun platform has played a crucial role in the overall growth and success of the Solana network in the past year. Furthermore, a significant portion of Solana memecoins, which have a market cap of about $10 billion, were created in Pump.fun.
However, the emergence of the Bonk (BONK)-backed memecoin launchpad dubbed LetsBONK.fun has significantly reduced Pump.fun’s market share.