Pump.fun Prepares Major PUMP Token ICO Launch Amid Global Attention
Crypto launchpad Pump.fun is set to host its highly anticipated Initial Coin Offering (ICO) for the PUMP token on Saturday, July 12. The sale will span six major exchanges, however, citizens of the United States and United Kingdom will be barred from participation.
Event Timeline & Key Details
- Sale Launch: Saturday, July 12
- Exchanges: Bybit, Kraken, Bitget, MEXC, KuCoin, Gate.io, and Pump.fun website
- Token Availability: July 12 at 00:00 UTC
- Total Supply: 150 billion PUMP tokens
- Sale Price: $0.004 per token
- Trading Availability: Within 48-72 hours post-sale, once all tokens are sold or timeframe expires
Pre-Market Analysis & Analyst Predictions
The PUMP token’s initial valuation comes primarily from trading on the Hyperliquid platform, as perpetual futures trades began pre-dating the public ICO.
“The ICO will almost certainly sell out within the first hour,” reported Beanie (GM Capital). “Predictors on Myriad Market suggest a 70% chance of a complete sellout within the first hour.”
Myriad Market (a prediction market linked to Decrypt’s parent company DASTAN) currently indicates a 70% probability of the sale reaching its full allocation quickly.
Post-Launch Valuation Expectations
According to Hyperliquid’s pre-market pricing:
- ICO price: $0.004
- Initial Hyperliquid valuation: $0.005426 ($35.65% increase)
- Lowest pre-market price: $0.00478 (19.5% increase)
Analyst Matthew Nay of Messari Research noted this level seems reasonably priced, cautioning about potential selling pressure post-launch, especially if an airdrop occurs at the same time. While a specific date is unconfirmed, sources suggest the airdrop likely won’t happen on day one.
“Observing Hyperliquid’s perpetual futures pre-market offers likely the most reliable outlook,” Nay commented. “The significant volume traded on Hyperliquid seems particularly relevant.”
Industry Perspectives on Performance
Despite optimistic forecasts, Trireme Trading’s Daniel Seager advised against excessive bullishness.
“Predicting a 3x to 4x surge ‘plus’ seems unrealistic… Losing substantial market share likely creates negative sentiment impacts,” Seager told Decrypt.
Pump.fun’s Evolving Market Share
Though currently claiming dominance (“responsible for up to 99%” of Solana meme coins earlier this year), recent data shows challenges.
Pump.fun faces increased competition, with rival platform LetsBonk recently capturing peak market share (65.9%) according to Dune Analytics data.
Analysts dissect ongoing contentions about the $4 billion Fair Diluted Valuation (FDV):
“Unprecedented!” claimed Beanie regarding the valuation. “My prediction leans towards downward movement in the short term and significantly lower long-term prospects… ($4B FDV) isn’t achievable universally.”
Solarnius, a pseudonymous angel investor, highlighted a positive tokenomics element: Private investors and team tokens are locked until at least Summer 2026 via a “one-year cliff”, reducing immediate selling pressure.
Traders excluded by US/UK geoblocks may explore alternatives on lower-traffic platforms if they doubt the $4B valuation and subsequent unlock price targets.
Conclusion: Anticipation Mounts as ICO Imminent
The global crypto community is abuzz with anticipation for the July 12th PUMP token launch. While prominent platforms and analysts offer bullish and bearish perspectives, the three-day trading countdown promises significant volatility and market scrutiny.
