Pump.fun, a memecoin launchpad built on Solana, is preparing for its first major public sale of its native token. The event is scheduled to begin on July 12, 2025, at 14:00 UTC and will end either when all available tokens are sold or on July 15, whichever comes first.
With a total of 150 billion tokens being offered to the public at a fixed price of $0.004 each, the fundraising target for this round is approximately $600 million. The token will carry an implied fully diluted valuation of $4 billion at the time of the sale.
$PUMP ICO Opens to Global Investors via Top Exchanges
The $PUMP token has a total supply of 1 trillion units. Of this amount, 33% is being distributed through the Initial Coin Offering. That portion has been split between private and public sales, both offered at the same price of $0.004. Institutional investors were given access to the private tranche, which accounted for 180 billion tokens and has already been sold out.
At $0.004 per token, the full token supply gives the project a valuation of $4 billion. Beyond the ICO portion, 24% of the total supply is designated for community and ecosystem incentives. The Pump.fun team has received 20%, while early investors are set to hold 13% of the supply.
Other designated portions include 3% aimed at live-streaming incentives, 2.6% for liquidity and exchange support, 2.4% for the ecosystem fund, and 2% kept in a foundation reserve. All these allocations, like the ICO tokens, are not subject to any lock-up and will be unlocked at the same time. Although the tokens will be unlocked shortly after the sale, trading availability may lag by 48 to 72 hours.
The public portion includes 150 billion tokens. Once sold, they will be unlocked in full, allowing buyers to transfer or sell their holdings without a vesting period. Distribution is expected to complete within a few days after the sale ends, around July 18. U.S. and U.K. citizens are barred from participation due to existing financial regulations.
The sale will be available through several large centralized exchanges. These platforms include Bybit, Kraken, KuCoin, Gate.io, Bitget, and MEXC. All purchases will require identity verification procedures, and contributions can be made in common fiat currencies such as USD, EUR, and GBP, as well as stablecoins like USDT, USDC, and USDG.
No Tiers, No Lock-Ups, No Delays
Access to the public sale will begin July 12 and run until July 15 unless all 150 billion tokens are purchased earlier. Once a participant’s payment and identity verification are cleared by the exchange, tokens will be assigned on a first-come, first-served basis.
The sales structure avoids using any lottery or tier system. There are no staking or holding requirements prior to entry. Token delivery will occur once the sale concludes, and each user’s entire purchase will be fully accessible on distribution day. There are no plans for future lock-up or gradual unlock periods after the sale.
Buyers will need to prepare by verifying their identity with the participating exchanges before the sale opens. Payment methods will include standard options used on those platforms, and once payments are approved, tokens will be locked in place for buyers pending distribution.
Market Backdrop and Investor Warnings
Pump.fun saw strong adoption early in 2024 and has reportedly generated over $700 million in revenue since launch. Still, there have been signs of slowing interest in recent months. Revenue and minting activity on the platform have both declined, raising questions about future growth.
The $4 billion valuation has also drawn criticism from some observers. One industry analyst referred to the event as a potential “exit liquidity event”, expressing doubt about long-term investor value. That concern is tied to the decision to release all tokens immediately, which could result in rapid sell-offs after the initial listing.
There are also regulatory risks in major markets. Pump.fun is currently involved in a $500 million lawsuit in the United States. Separately, guidance issued by the Financial Conduct Authority in the U.K. may also impact how the token is traded or advertised in the region. These factors have led the team to block participants from both countries.
Read also: Pump.fun $500M Lawsuit Escalates as New Allegations Emerge
What Comes After the Sale Closes
Once the ICO period ends, token distribution will begin within a few days. By July 18, buyers are expected to receive their tokens, though exchange trading may only begin 48 to 72 hours after that. Until those listings are confirmed, holders will be unable to trade their tokens on public markets.
There are no further confirmed token sales or airdrop events planned at this time. Future supply changes would likely need to be introduced through updated governance processes or ecosystem planning by the development team.
