US EditionPUMP Price Prediction: Traders Price Pump.Fun Token at 40% Above ICO Price
JUL 8 – Pump.fun planned a $600 million initial coin offering for 15% of its tokens but Gate.io removed the sale page after discussions, delaying the Solana memecoin launch.
- Crypto exchange Gate.io announced a public sale of Pump.fun's native token PUMP set to start on July 12, 2025, before deleting the sale page.
- The sale follows Pump.fun's rise since early 2024 as a Solana-based memecoin platform looking to raise $1 billion by selling 15% of 1 trillion PUMP tokens at $0.004 each.
- Pump.fun has generated about $700 million in protocol revenue from over 11 million token creations, and its PUMP-USD perpetual contract launched on July 9 with $30 million in first-day volume.
- The PUMP token is currently valued around $0.0056 on trading platforms, reflecting a price increase of nearly 40% compared to its initial offering, which suggests a market cap near $4 billion; additionally, 18% of the total 1 trillion token supply was sold through a private round, with all tokens being fully accessible from the start.
- The abrupt removal of the Gate.io sale page and legal challenges, including a UK ban and US lawsuit alleging unregistered securities, create uncertainty about PUMP's launch and platform monetization.
33 Articles
33 Articles
The Hamilton Spectator
The Toronto Star
Gate Briefly Lists Pump.fun Token on Presale Page
Crypto exchange Gate has removed a countdown page from its website that appeared to suggest Solana-based memecoin launchpad Pump.fun will launch its official PUMP token on July 12. The now-deleted page included details of the upcoming token sale, set to run for 72 hours or until the allocation is exhausted. As per the website, a planned 15% of the total 1 trillion supply was earmarked for the sale. This story is an excerpt from the Unchained Dai…
PUMP Lingers at 40% Premium Over ICO Price on Hyperliquid Ahead of Pump.fun Token Sale
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis. Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX,...
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