After months of preparation, Pump.Fun, a Launchpad for Memecoin based on Solana (SOL), will perform its initial currency offer (ICO) between 12 and 15 July via the gate.io cryptocurrency exchange. Pump.Fun Public Token Sale will include 150 billion tokens at an initial selling price of around $ 0.004.
According to the announcement, the pumping smoking will have a maximum stock of 1 trillion tokens, so a completely diluted appreciation of around $ 4 billion.
Pomp.Fun Facies Market threat
The Pump.Fun platform has recorded a wonderful results in the daily turnover in the past year, fed by the high demand for Solana-based memecoins. As Coinpedia has reported in the past, Pomp.fun developers have deposited hundreds of millions of dollars in Solana to various cryptocurrency exchanges.
However, the income of the company shrinks from day to day after the important traction of Letsbonk.fun platform.
According to Defillama market data, Letsbonk achieved a daily turnover of more than $ 1 million compared to Pump.Fun’s $ 533K in the same period. The tangible success rate of Letsbonk.Fun is strongly influenced by the Bonk (Bonk) Memecoin, the largest meme project on the Solana network.
With the legal challenges for the pump. Fun -platform, including lawsuits that accuse the platform of making pump and dump schemes possible. Moreover, the Pomp.Fun platform has a large number of bots that create tokens every minute, but hardly developed the tokens made to grow a community.