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Pump.fun’s $6 Billion Token Sale Could Transform Solana Meme Coins
The popular Solana-based meme coin platform, Pump.fun, is gearing up for a massive token sale. In a shocking move, the company has announced it will be launching its PUMP token on July 12 via Gate.io, offering an astonishing 150 billion tokens at $0.004 USDT each in a 72-hour sale. This unprecedented sale represents 15% of the total one trillion token supply and carries a fully diluted valuation of $4 billion.
In related news, the Securities and Exchange Commission (SEC) has requested that ETF issuers submit amended S-1 filings by the end of July. This sudden request for revised filings hints at an accelerated approval timeline for spot Solana ETF applications. The unexpected launch of the REX-Osprey Solana and Staking ETF last week may have triggered this sudden move, according to experts.
The PUMP token serves as the native utility token within the Pump.fun ecosystem. Although not required for basic platform use, it will unlock access to additional features and promotional events such as airdrops. In essence, users will receive exclusive benefits tied to community activities when holding the token.
As the market responds to this development, Solana’s price has increased by 0.49% within an hour of the PUMP token announcement, reflecting growing interest in expanding Solana-based applications.
Source: coincentral.com
