The Solana-based Memeco Generating Platform Pump.fun plans to list its forthcoming PUMP tokens on the Gate Exchange website within four days. According to the timer, the agreement will provide 150 billion PUMP coins, each priced at USDT equivalent to US$ 0.004, and is expected to raise approximately $600 million.
The Gate Exchange revealed that PUMP token sales would commence on 12 July and last 72 hours. While more details on distribution will be published later, the agreement will provide 15 per cent of the maximum supply of $1 trillion in PUMP. A representative of Pump.fun declined to comment.
In its frequently asked questions, Gate wrote: “Sales are made on a first-come, first-served basis. For individual subscriptions, there is no upper limit, provided that the quota is sufficient and only the minimum purchase amount is met.”
As previously reported by The Block, Pump.fun is seeking funding from the $4 billion valuation. The team is also said to be considering including an income-sharing mechanism for its original currency.
Since its launch in early 2024, Pump.fun has allowed anyone to create tokens to become the platform for the publication and trading of most Meme coins on Solana. The platform was reported to have achieved a peak income of over $7 million on 23 January, although that figure had fallen to about $1 million per day. Since its launch, Pump has accumulated some $700 million in revenue, making it one of the most successful projects in the field of encrypted currency.