- Pump.fun’s public sale begins July 12 across major exchanges, targeting $600M at $0.004 per token.
- U.S. and U.K. residents are excluded; Bybit supports purchases via USDT, USDC, SOL, and bbSOL.
- Critics say raising $600M post-$700M revenue is “bad optics” versus an airdrop, though one may still follow.
Pump.fun, the Solana-based memecoin launchpad, is officially rolling out its first and only public token sale starting July 12. Confirmed by Bybit, the sale aims to raise $600 million by selling 150 billion PUMP tokens at $0.004 each. This public offering represents 15% of the total 1 trillion token supply and will run until July 15, or until all tokens are sold.
Multi-Chain Access and Exchange Participation
Bybit will support purchases using USDT, USDC, SOL, and bbSOL, making it the only platform offering multi-chain subscription support. Other major crypto exchanges including Kraken, KuCoin, Bitget, Gate.io, and MEXC will also host the sale. However, due to regulatory constraints, users in the U.S. and U.K. are excluded from participating.
Allocation Breakdown and Airdrop Hints
Out of the total supply, 33% is allocated to the ICO, including a fully allocated private round and the upcoming public sale—both priced identically. The remaining tokens will support ecosystem efforts (24%), the team (20%), existing investors (13%), and smaller segments for liquidity, airdrops, livestreaming, and exchange listings. Pump.fun also teased an upcoming airdrop, though exact details remain pending.
Market Reaction and Community Sentiment
Pump.fun gained massive traction earlier this year by making it easy for users to launch memecoins without code. While it initially dominated Solana’s memecoin boom, newer platforms like LetsBonk have since taken a larger slice of the market. Some industry voices, including The Block’s Steven Zheng, criticized the $600M token sale, noting the platform has already generated over $700M in revenue—prompting concerns over optics, especially compared to projects opting for large-scale airdrops.
