Solana-based memecoin launchpad Pump.fun is moving ahead with its public token sale, officially scheduled to kick off on July 12.
The platform confirmed the launch in a series of posts on X today.
Token sale details and distribution
According to Pump.fun, the PUMP token sale will offer 150 billion tokens priced at $0.004 each, amounting to a potential $600 million raise.
This tranche represents 15% of the total supply of 1 trillion PUMP tokens.
The sale will close on July 15 and will follow a first-come, first-served format, with accepted subscription assets including USDT, USDC, Solana (SOL), and Bybit’s staked SOL variant, bbSOL.
While Bybit is leading the charge, several other exchanges will also host the sale, including KuCoin, Kraken, Bitget, Gate.io, and MEXC.
However, Bybit noted that it is the only platform currently offering multi-chain subscription support using both stablecoins and Solana-native tokens.
The full token allocation breaks down as follows:
33% for the combined private and public offerings, with 18% already sold during the private round; 24% allocated to community and ecosystem efforts; 20% set aside for the Pump.fun team; and smaller portions reserved for investors, foundation reserves, liquidity provisioning, livestream incentives, and the ecosystem fund.
Users in the U.S. and U.K. are excluded from participating in the token sale due to regulatory restrictions.
Platform background and market context
Pump.fun launched in early 2024 with a simple premise: allow anyone to mint a memecoin without writing a line of code.
The project surged in popularity during the height of Solana’s memecoin frenzy, reportedly generating hundreds of millions in volume.
While newer platforms like LetsBONK have since taken the lead in daily token activity, Pump.fun still maintains a strong user base and brand visibility.
The upcoming sale pegs Pump.fun’s fully diluted valuation at $4 billion. The project also teased an upcoming airdrop on X, with further details expected post-sale.
