Pump.fun, a prominent meme coin launchpad on Solana, has initiated a $600 million token sale for its native PUMP token. The offering involves 150 billion tokens priced at $0.004 each, representing 15% of PUMP's total 1 trillion token supply. Major exchanges including Bitget, Bybit, Kraken, and KuCoin are facilitating the sale, which commenced on July 11, though participation is barred for U.S. and U.K. residents due to regulatory constraints.
Payment methods accepted include USDT, USDC, SOL, and bbSOL, with immediate token unlocks upon purchase. The platform emphasizes community-driven engagement, noting that while PUMP token ownership isn't mandatory for platform access currently, future incentives are planned. Trading has launched with leveraged PUMPUSDT contracts on participating exchanges, potentially amplifying volatility.
Analysts anticipate significant liquidity shifts within Solana's ecosystem, drawing parallels to historical token sales like Bonk and Friend.tech. The event may drive increased decentralized exchange volumes and meme coin activity, with $600 million representing one of Solana's largest fundraising efforts. However, regulatory challenges persist, and the immediate token release could trigger price fluctuations across associated assets.