. is launching its own token
Will this change the memecoin market?
Dive into my thoughts 👇
@pumpdotfun announced the launch of $PUMP
On July 12, they will hold an ICO for its launch
in the ICO, 33% of the token supply is being sold:
> 18% in a private sale for institutional purchasers
> 15% in a public sale
both sales are on the exact same terms
Price per token on sale: $0.004
FDV (valuation): $4B
All tokens sold as a part of the ICO will be fully unlocked on TGE (day 1 of the token becoming tradeable)
How to participate in the public sale?
It’s obvious that will become one of the most hyped in the Solana trenches
I’m putting focus on this (nfa, dyor)
guide to public sale:
> go to
> complete KYC verification
> have funds ready to purchase
> be ready at 14:00 UTC on Saturday, July 12th
you can also participate through their partner exchanges
more detailed links to them are provided in their tweet:
*US and UK citizens and residents can’t participate in the $PUMP ICO
My thoughts on $PUMP
The airdrop for users will likely be very juicy, but...
A sale at $4B FDV looks a bit expensive to me but could still bring a short term upside
Even if it does have some potential like everyone is shouting, it's not more than a couple of times
Compared to other projects, itself is no longer as popular as it used to be
They earned quite a lot from fees, and I don’t understand why a sale is needed now to develop the ecosystem
The most important thing is whether this will change the memecoin market
Lead to a liquidity outflow?
I'm afraid the situation might look like after the launch of $TRUMP
All the liquidity started flowing into one top token, and here it could be the same
And if that happens, most tokens will dump again
Please, NFA and DYOR, always think with your own head
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