Pump.fun Announces $600 Million PUMP Token ICO with UK and US Citizens Excluded
Key Details
- Pump.fun confirmed the Initial Coin Offering (ICO) for the PUMP token, with 150 billion tokens (valued at approximately $600 million based on recent exchange rates) available for purchase starting July 12, 2025.
- Citizens of the United States and United Kingdom are excluded from participation, following a ban imposed by the UK Financial Conduct Authority on the token launchpad.
Token Distribution
- Total token supply: 1,000,000,000,000
- ICOs: 33%
- Community initiatives: 24%
- Team allocation: 20%
- Existing investors: 13%
- Remaining tokens: Reserved for ecosystem liquidity, streaming features, foundation, and an ecosystem fund.
Trading and Exclusions
Participation requires KYC (Know-Your-Customer) verification. The token sale concluded on July 15, 2025, or upon selling all 150 billion tokens. Post-sale, PUMP tokens became transferrable 48-72 hours later, making them available by July 18, 2025.
Exchanges participating included Pump.fun, Bybit, Kraken, Bitget, MEXC, KuCoin, and Gate.io.
Future Plans and Speculation
Pump.fun aims to enhance coin quality, sustainability, and diversity on its platform, and to expand into social features like livestreaming. Initial funds raised are expected to support these developments.
A statement accompanying the announcement declared the project’s ambition: “Our plan is to kill Facebook, TikTok, and Twitch. On Solana.”
Venture capital fund Dragonfly commented that the PUMP ICO is likely to be “one of the largest” in crypto history.
Background: Exchange Leaks
News of the sale surfaced earlier via leaks from Bybit and Gate.io. Both exchanges quickly removed their promotional posts before issuing official confirmations and stating their participation in the PUMP token sale, mirroring the details announced by Pump.fun while noting that Bybit restricted European users.
