After months of preparation, Pump.fun, a Solana (SOL)-based launchpad for memecoin, will conduct its initial coin offering (ICO) between July 12 and 15 through the Gate.io cryptocurrency exchange. Pump.fun public token sale will involve 150 billion tokens at an initial selling price of about $0.004.
According to the announcement, the PUMP token will have a maximum supply of 1 trillion tokens, thus a fully diluted valuation of about $4 billion.
The Pump.fun platform has registered magnificent results in daily revenue in the past year, fueled by the high demand for Solana-based memecoins. As Coinpedia has reported in the past, Pump.fun developers have deposited hundreds of millions of dollars worth of Solana to different cryptocurrency exchanges.
However, the company’s revenues have been shrinking day by day following the significant traction of LetsBONK.fun platform.
According to market data provided by Defillama, LetsBONK.fun recorded a daily revenue of more than $1 million compared to Pump.fun’s $533k in the same period. The palpable success rate of LetsBONK.fun is heavily influenced by the Bonk (BONK) memecoin, which is the largest meme project on the Solana network.
With the legal challenges facing the Pump.fun platform, including lawsuits accusing the platform of enabling pump and dump schemes. Furthermore, the Pump.fun platform has a huge number of bots creating tokens every minute, but hardly are the tokens created developed to grow a community.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Global asset manager VanEck has taken a pioneering step by filing an S-1 registration statement…
In a market where innovation and speed define success, a new crypto coin is stepping…
The rebrand from Zekret Protocol follows a $1M pre-seed round backing Entry’s push to combine…
As October begins, investors are looking at which coins could drive the next wave of…
Story Highlights The live price of the Tron coin is Tron crypto could reach a…
Story Highlights Binance Coin Price Today is . The BNB price prediction anticipates a potential…
