Pump.fun Confirms $1.3B ICO for $PUMP Token on July 12: Details
Pump.fun, a top-tier memecoin launchpad on the Solana network, has confirmed the schedule of the Initial Coin Offering (ICO) for its token. According to the announcement on Wednesday, July 9, Pump.fun has scheduled the ICO on July 12, 2025.The ICO offering will involve 33 percent of the maximum supply of 1 trillion tokens, out of which 18 percent was allocated to private institutional buyers and the remaining 15 percent to public investors. Each token will be sold for $0.004, thus the ICO will raise $1.32 billion.Crypto investors seeking to participate in the ICO can join through Bybit, Kraken, KuCoin, Gate.io, MEXC, and Bitget. Closer Look at Tokenomics for TokenThe largest share of the supply, amounting to 33 percent, was allocated to the upcoming initial coin offering. Worth noting that all the tokens involved in the upcoming ICO will be unlocked immediately.The community and ecosystem initiatives were allocated 24 percent of the token’s maximum supply. The Pump.fun team was allocated 20 percent, while the existing investors received an allocation of 13 percent.The ecosystem fund, the foundation, the live-streaming feature, and the exchanges liquidity received 2.4%, 2%, 3%, and 2.6% respectively.Market Outlook for Pump.funThe Pump.fun platform has played a crucial role in the overall growth and success of the Solana network in the past year. Furthermore, a significant portion of Solana memecoins, which have a market cap of about $10 billion, were created in Pump.fun.However, the emergence of the Bonk -backed memecoin launchpad dubbed LetsBONK.fun has significantly reduced Pump.fun’s market share.