Recently, information emerged regarding a potential launch of the PUMP token on the Pump.fun platform. Despite the lack of an official confirmation, interest in the project continues to grow.
Expected Launch of PUMP Token
According to a now-deleted page, the sale of the PUMP token was expected to start on July 12. It planned to offer 150 billion PUMP tokens at $0.004 each, valuing the offering at $600 million and giving the token a $4 billion market cap. There was no purchase cap per user, only a minimum buy-in, with a first-come, first-served format over 72 hours.
Response from Pump.fun and Gate Exchange
Neither Pump.fun nor Gate have confirmed the sale, and both have remained silent following the removal of the listing. The project has previously downplayed expectations of a token launch. In April, co-founder Alon Cohen stated that he and the platform had no plans to issue a token.
Competition and Future of the Project
Despite uncertainties regarding the PUMP token, interest in the project remains high. Pump.fun has been a key player in Solana’s meme coin boom since early 2024, facilitating the launch of viral tokens like FARTCOIN and PNUT. However, it has recently faced increased competition from LetsBonk—a launchpad for BONK—that has surpassed Pump.fun in daily token creation for the first time.
Rumors regarding the PUMP token launch amplify interest in Pump.fun despite the absence of official confirmations. All eyes are on July 12 to see if the sale occurs and how it will impact the project.
