Pump.fun, a memecoin launchpad platform on Solana, has announced the launch of the $PUMP token through an Initial Coin Offering (ICO) on Saturday, July 12, along with an upcoming airdrop.
the moment you’ve all been waiting for$PUMP is launching through an Initial Coin Offering on Saturday, July 12th.
airdrop coming soon.
our plan is to Kill Facebook, TikTok, and Twitch. On Solana.
learn more about $PUMP and how to get involved 👇 pic.twitter.com/KApiGnvtBg
— pump.fun (@pumpdotfun) July 9, 2025
In a thread posted on X, Pump.fun has disclosed details related to the ICO and shared its ambitious plan “to Kill Facebook, TikTok, and Twitch” with a Solana-based platform that rewards its users instead of exploiting them.
Since its launch in January 2024, Pump.fun has rapidly become a crypto powerhouse, allowing anyone to create and trade tokens effortlessly. The platform shattered records, becoming the fastest-growing company in history, hitting $100 million, $300 million, and $500 million in revenue quicker than any other company worldwide.
Pump.fun is moving forward with the launch of $PUMP, which is expected to fuel the ecosystem by rewarding its community and incentivizing growth. The token will have a maximum supply of 1 trillion.
This token supply will be distributed as below:
(Source: Pump.fun on X)
- 33% will be sold in the ICO
- 24% will be reserved for community and ecosystem initiatives
- 20% will be allocated to the team
- 13% to existing investors
- Remaining portions for liquidity, exchanges, livestreaming, and foundation funds.
$PUMP ICO Details: How to Participate
Here’s the step-by-step guide to participating in the $PUMP ICO event on July 12.
Step 1: Go to token.pump.fun and complete the KYC process. (You can also complete the KYC process on any of the Pump.fun’s partner’s non-US platforms.)
Step 2: Fill your wallet with funds via the platforms you completed KYC to acquire tokens
Step 3: Wait till July 12, when the official ICO will roll out.
All ICO tokens will be fully unlocked on Day 1 but will be non-transferable initially. Trading will be enabled 48-72 hours after the sale ends.
Unfortunately, citizens of the US and UK cannot join the ICO event for $PUMP tokens, as these jurisdictions have banned this project. Pump.fun team writes, “US and UK citizens and residents can’t participate in the $PUMP ICO and no offer to purchase is being solicited in the US, UK, or anywhere not permitted.”
Controversy around Pump.fun’s ICO
The Solana-based memecoin launchpad has attracted many controversies around it.
Earlier, the platform made headlines again with rumors of a $1 billion token launch at a $4 billion valuation. The news has sent shockwaves through the crypto market, with some calling it the next big thing in the “attention economy,” while others warn it could be a risky gamble.
Now, when Pump.fun is moving forward with its July 12 ICO launch, the project faces an awkward contradiction as its own CEO previously said that “every presale is a scam.”
Now, with trading activity down from its peak, the big question is: Will this launch succeed, or is it just another crypto FOMO frenzy?
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