Pump Fun Shares Official Token Details Ahead of $4B Debut
Plus Bitcoin hit a new ATH over $112k on Wednesday leading to a surge in speculation downstream
GM!
Today's top news:
Bitcoin briefly makes new ATH over $112k; ETH leads +6% to $2,780
ETH ETFs nearly flip BTC ETFs in inflows
Pump Fun shares official details for token sale, opens at $4.9B on Hype
Bipartisan Senators raise concerns over crypto market structure bill
Kraken and BackedFi bring xStocks to BNB
💡Pump Fun Shares New Token Details
Pump Fun finally confirmed its PUMP token launch details.
But left us with a few key open questions…
📌 What Happened?
Pump Fun officially dropped the full details for its upcoming $PUMP token launch, set for July 12 at 14:00 UTC (10 am ET) across major exchanges including Bybit, Kraken, KuCoin, Bitget, Gate.io (pending), and MEXC, along with its own site.
They shared their larger vision and likely rationale for their $1.33B fundraise, stating “our plan is to Kill Facebook, Tik Tok, and Twitch. On Solana.”
The announcement also confirmed their $4B fully diluted valuation along with new key details regarding tokenomics and vesting.
Tokenomics Breakdown:
Total supply: 1 trillion PUMP
ICO allocation: 15% (150B tokens)
ICO price: $0.004 (same as private sale)
Private sale: 18% of supply already allocated
Ecosystem + Community: 24%
Team: 20%
Investors: 13%
Liquidity: 2.6%
Foundation / Misc: Remainder split across streaming incentives, ecosystem fund, and others
Vesting & Unlocks
Public ICO tokens: Fully unlocked on day 1
Team/Investors: 1 Year Vest
Airdrop: “Coming soon” (but no confirmed details)
Notably, US and UK investors will not be able to participate due to geo restrictions. And anyone interested in participating will need to KYC with one of Pump’s partners.
🔍 What They’re Saying
“Wow, this video... $PUMP is going to be getting 25% of Pump revenues, so beyond one of the largest ICOs ever, this will be one of the highest gross revenue tokens in crypto. (not an investor)” - Haseeb, managing partner at Dragonfly
“pump fun giving ANY token supply back to early supporters and contributors is a massive win. it’s not legal for traditional companies to share equity. like at all imagine being the first uber driver and only making $20/ride for life while the company makes billions off your back? users having upside in the companies they help build is only made possible by crypto and internet capital markets hard to not be a full optimist towards the future of crypto and its impact on traditional finance.” - threadguy, streamer
⚠️ Why It Matters
We had rumors of what the Pump launch might look like - but now we know (most of) the details.
And they answered a few key questions in the process:
Why raise another $1B+ when they’ve generated $500M+ in cash this year? Answer: to unlock growth and compete with social media giants
Will they launch their own chain? Answer: Looks like no, given their opening post saying they’re staying “On Solana.”
Who will be the marginal buyer? Answer: US and UK users who are boxed out, and anyone else who misses the sale window this weekend
Now, a few key questions are still unanswered:
Will there be an airdrop?
Will there be a token buyback / flywheel?
As for the airdrop, the team said “coming soon” but gave no further details. We do know that 24% of the token supply is allocated to the community and initiatives, with roughly half unlocking at TGE - so the airdrop will likely come from that bucket (in 12-15% range).
As for the buyback, there is speculation of the team using 25% of revenue to buy back the PUMP token in an ongoing fashion.
That has not been confirmed, but if it is, it is a strong flywheel.
So that’s what we know and don’t know.
My read: this will sell out very quickly (likely in the first hour) and the token will likely perform very well. The team will leave their buyback announcement as a lever to pull once trading has gone live. And buyers of the public ICO will be happy with their purchase.
We will likely know if these predictions pan out as soon as next week…
🌎 Macro Crypto and Memes
A few Crypto and Web3 headlines that caught my eye:
Crypto majors were very green with ETH leading again; BTC +2% at $111,100, ETH +6% at $2780, XRP +3% at $2.45, SOL +3% at $157
PENGU (+33%), WIF (+13%) and SUI (+10%) led top movers
Bitcoin briefly made a new ATH over $112,000 before getting rejected
The ETH ETFs nearly flipped the BTC ETFs in net inflows, accumulating $211M (vs $216M for BTC)
Bipartisan senators raised alarms during a Senate Banking Committee hearing, warning that the proposed crypto market-structure bill could leave open loopholes allowing firms to dodge regulatory oversight
GMX’s V1 DEX on Arbitrum was hit by an exploit, resulting in ~$40M drained (GMX is offering a 10% white‑hat bounty for safe return of funds)
Ripple chose The Bank of New York Mellon as the primary custodian for its US dollar stablecoin, RLUSD, which has now crossed $500M market cap
Galaxy Digital integrated with Fireblocks, expanding its $3.15B staking platform to support more institutional Web3 custody clients
Greek authorities seized about $72M tied to the $1.5 B Bybit hack linked to Lazarus Group (its first-ever crypto seizure under its AML framework)
ARK Invest warned that Bitcoin's on-chain momentum is weakening due to dropping capital inflows and fewer new buyers in Q2
Emirates Airline announced they will accept Bitcoin and crypto as payment for flights
In Corporate Treasuries
BMNR filled a $2B ATM offering allowing the team to sell up to $2B in stock at current value, dropping BMNR from $110 to $66
In Memes
Memecoin leaders were very green; DOGE +4%, Shiba +4%, PEPE +9%, TRUMP +5%, BONK +5%, SPX +5%, FARTCOIN +9% & PENGU +3%; MOG +15% outperformed
USELESS rebounded ~50% off its local lows to $320M and a new ATH
CHILLHOUSE pumped 150% to $20M leading SOL movers; ALT (+120%(, KORI (+70%) and HOSICO (+20%) other top movers
Justin Sun announced that TronDAO is buying $100M of the TRUMP meme
💰 Token, Airdrop & Protocol Tracker
Here's a rundown of major token, protocol and airdrop news from the day:
Pump Fun introduced their tokenomics and vesting schedule for the PUMP launch, confirming the sale will open on July 12 along with an airdrop “coming soon”
Hyperliquid launched perps trading for the PUMP token pre-ICO, opening at $4.9B
Kraken and BackedFi announced they are bringing xStocks multichain, expanding to BNB
Yeet announced 2% of their airdrop supply will go to yappers and the Kaito community
Wasabi introduced their new onchain leverage trading agent Kosher Capital
🤖 AI x Crypto
Section dedicated to headlines in the AI sector of crypto:
Overall market cap +7% at $9.0B, leaders were green
FARTCOIN (+9%), VIRTUAL (+10%), ai16z (+11%), FAI (-1%) & AIXBT (+10%)
MOBY (+43%), IRIS (+23%) and ARC (+20%) led top movers
🚚 What is happening in NFTs?
Here is the list of other notable headlines from the day in NFTs:
ETH NFT leaders were mostly green; Punks +3% at 42 ETH, Pudgy +6% at 9.6, BAYC -3% at 10.2 ETH
Abstract NFTs were mostly red led by Fugz (+11%)
CryptoPunks reflipped Bitcoin as they reached a $117k floor
Snoop Dogg’s Telegram NFTs sold out in 30 minutes, bringing in $12M
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