Pump.fun, a meme coin platform based on Solana, has announced a presale for PUMP tokens starting on July 12. This decision marks a surprising pivot for the company, which had previously opposed ICO and presale practices.
Shift from Anti-ICO Claims to Presale Launch
The founder of Pump.fun had previously labeled ICOs and presales as 'scams', claiming they allowed insiders to dump on retail investors. This stance helped attract users who were fed up with venture capital-led token launches. However, this week, the team confirmed the launch of the PUMP presale, stating that it will help 'strengthen the brand and reward the community.'
PUMP Trading Before the Presale Begins
The PUMP token is already trading on Hyperliquid, a decentralized exchange. Some users report trades happening even before the presale has officially started, which may indicate synthetic trading where users speculate on future prices. This situation creates a feedback loop: price speculation fuels interest in the upcoming presale.
PUMP Tokenomics and Distribution Structure
The total supply of PUMP tokens will be 1 trillion, with 33% (330 billion tokens) being sold through the presale. Bitget is managing the main token sale, while Gate.com will only offer 150 million tokens, a small portion of the total supply. The remaining tokens will be allocated as follows:
* 24% for community and ecosystem initiatives * 20% for the team * 13% for existing investors * 3% for livestreaming * 2.6% for liquidity and exchanges * 2.4% for the ecosystem fund * 2% for the foundation
With the impending presale, Pump.fun has once again drawn attention to its principles and strategies. This event unfolds amid ongoing discussions regarding the viability of ICOs and presales within the cryptocurrency ecosystem.
