Key highlights:
- Pump.fun confirms $600M public token sale across major exchanges like Bybit and Kraken.
- Concerns rise over optics after earning $700M pre-launch and now seeking more via token sale.
Yello Paradisers! The memecoin factory that minted a fortune now wants $600 million more. Pump.fun, a no-code Solana-based platform for memecoins, will begin its first and only public token sale on July 12, distributing 150 billion PUMP tokens at $0.004 each, according to Bybit. That’s 15% of total supply, and at current prices, it gives Pump.fun a jaw-dropping $4 billion valuation.
The token sale, running through July 15, will be hosted on multiple exchanges including Bybit, Kraken, Bitget, KuCoin, Gate.io, and MEXC, although Gate.io has already teased and yanked the listing once this week, stirring confusion.
Subscriptions will be accepted in USDT, USDC, SOL, and bbSOL, but U.S. and U.K. users are out, a move likely designed to dodge regulatory heat.
The Math and The Mood
The remaining token supply will go to investors, the team, ecosystem incentives, and livestreams (yes, livestreams). The 33% dedicated to fundraising includes an already-completed private sale of 18%, sold under the same terms. Critics argue this mirrors a VC exit more than a community launch.
According to Pump.fun’s post on X, an airdrop is still “coming soon,” but analysts are already calling the optics… questionable.
“You made $700 million. Why raise another $600 million?” asked industry researcher Steven Zheng from The Block. It’s a fair question, especially since apps like Hyperliquid opted for airdrops instead of token grabs. Is Pump.fun prioritizing decentralization or cashing out?
Platform Growth and Market Share
Launched in January 2024, Pump.fun enabled anyone to spin up a memecoin with zero code, riding the Solana boom and profiting from insane trading volumes. But momentum has slowed recently, with newer rivals like LetsBonk stealing market share. The timing of this token sale, in that context, looks a little more like hedging than hype.
Still, with a $4B valuation and a 15% allocation available for public buyers, this will be one of the biggest memecoin-related fundraising events in crypto history.
And yes, we’ll break this down further in our upcoming YouTube stream: Is PUMP a play, a risk, or a preloaded dump? ParadiseFamilyVIP analysts are already dissecting the tokenomics.
What’s Worth More: A Meme or a Month of Market Intel?
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Pump.fun made $700M pre-launch, and now wants $600M more? With a $4B valuation and a livestream fund in the tokenomics, this isn’t just a sale, it’s a spectacle. Is your crypto strategy catching the memecoin madness or guarding against a mega dump?
