The Solana-based memecoin platform plans to conduct a massive PUMP token offering, potentially ranking among the largest fundraising events in crypto history.
Pump.fun is preparing for a PUMP token sale aiming to raise $1.32 billion, scheduled for July 12. The ICO will offer 33% of the 1 trillion token supply at $0.004 each, with substantial pre-market interest but skepticism from large investors. Whales are reportedly shorting PUMP, anticipating a typical ICO price pattern.