Solana-based memecoin generator Pump.fun plans to list its upcoming PUMP token on July 12
Quick Take
- Solana-based memecoin factory Pump.fun is planning to list its upcoming PUMP token in four days, according to a countdown on the Gate exchange website.
- The protocol will apparently offer 150 billion PUMP tokens priced at $0.004 worth of USDT.
Solana-based memecoin factory Pump.fun is planning to list its upcoming PUMP token in four days, according to a countdown on the Gate exchange website. The protocol will apparently offer 150 billion PUMP tokens priced at $0.004 worth of USDT, raising approximately $600 million.
According to Gate, the PUMP sale will begin on July 12 and run for 72 hours. More distribution details will be announced at a later date, though the protocol will offer 15% of the max supply of 1 trillion PUMP tokens. A Pump.fun representative declined to comment.
“The sale operates on a first-come, first-served basis. For individual subscriptions, as long as the quota is sufficient, only a minimum purchase amount is required and there is no upper limit,” Gate writes in an FAQ.
The Block previously reported that Pump.fun is looking to raise capital at a $4 billion valuation. The team is also reportedly considering including a revenue-sharing mechanism for its native token.
Pump.fun, launched in early 2024, enables anyone to create a token. The platform, responsible for the majority of memecoin launches and trading on Solana, saw peak daily revenues of more than $7 million on Jan. 23, though that figure has since declined to about $1 million per day.
Pump has generated about $700 million in cumulative revenue since its launch in early 2024, making it one of the most successful projects in the crypto space, according to The Block's data.
A Pump.fun co-founder first teased a token launch last October.
Editor's note (July 8, 12:05): Pump.fun will sell tokens at $0.004, not $0.04.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
