In a world where memecoins are either jokes or rugs, @pumpdotfun decided to turn it into Billions of Dollars for themself.

They’re now pulling off one of the largest ICOs in history, while their own founder once called it a scam.

Twitch of Web3, ICO, Tokenomics, and Utility, all of this and more:

Pump.fun’s main product is simple: Anyone can launch a memecoin in seconds. Anyone can ape in instantly, all powered by bonding curve.

Every launch. Every buy. Every sell. Pump takes a fee. Including LP fees (0.2%), protocol fees (0.05%) and coin creator fees (0.05%) from each trade.

That small cut turned into $428M+ in annualized revenue, with over $698M in fees generated, and $11.9B in just 30-day DEX volume.

All from a product built around memes.

They also know “when to sell”.

Since May 19, 2024, they’ve sold over 4.1M $SOL, averaging around $180, which is makes them first $741M.

1T total supply with 33% for ICO, 24% for community and ecosystem initiatives, 20% to the team, and 13% to existing investors.

3% of the supply has been allocated to livestreaming, their vision is becoming the “Twitch of Web3”, suggesting that streamers will earn ongoing $PUMP rewards for streaming on the platform.

Based on the vesting details, it appears that ~15% of the Community & Ecosystem allocation could be distributed at launch, with the rest vesting gradually over the next year.

Team and Investors have 1 year cliff, 4 year vesting.

Although there have been social media rumors suggesting 25% of platform revenue might be directed to token buybacks, the team has not officially confirmed any such mechanism.

Instead, they have stated “they are considering various utility models, such as fee rebates, buybacks, or other forms of user incentives”.

The $PUMP token sale goes live on July 12 (duration of sale 72 hours) with 15% (150B) from the total supply for the public sale, across top CEX (KYC required).

Private sale portion 180B tokens (18%) has already been fully sold.

Each token will be sold at a price of $0.004, and all tokens sold as a part of the ICO will be fully unlocked on day 1.

Making them $1.3B in total from sale.

Hyperliquid already launched $PUMP/USD before their sale even happens, so you can now long or short with up to 3x leverage.

Currently trading at $5.2B FDV. Most people "don’t like to see it", because they wanted to participate in the ICO while 80% of CT is sidelined.

Now it will become more crowded.

It’s now one of the fastest-growing startups in the world and arguably the most successful consumer app in crypto over the past few years.

Between platform fees and ICO, Pump.fun made over $2 billion in just 13 months.

And this is just the beginning, they're aiming to kill legacy social media platforms next.

[P.S. there are no recommendations to participate in the sale or buy the token itself. Do your own research.]

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