Pump.fun Launch $1.3B PUMP ICO Amid Tokenomics Criticism
Pump.fun go hold $1.32 billion ICO for dia own PUMP token on July 12, dem go sell 33% of fixed 1 trillion supply. Di sale get 18% private round at $0.004 per PUMP token and 15% public round for Gate, tokens go unlock after 48–72-hour transfer lock. People wey dey USA and UK no go fit join.
Before launch, PUMP token dey trade at $0.0056 and e don generate $30 million volume and $17 million open interest since e perpetual contract start for Hyperliquid. Binance Futures go list di contract with up to 3× leverage on July 10.
Di tokenomics split—over 37% go team, investors, and ecosystem funds— don cause wahala for Web3 community because e too centralized. Even with this concern, Pump.fun plan say e go turn to decentralized social platform for Solana (SOL), wey go reward users for content creation and livestream monetization.
Bullish
Di announcement of di PUMP token ICO and di strong pre-sale trading performance show say market get confidence, e fit boost buying interest for short term. Di listing for big derivatives platform dem (Hyperliquid, Binance Futures) dey provide liquidity and price discovery. Even though some people get wahala wit tokenomics, e go reduce speculative craze but e still show governance risks wey experienced traders fit hedge. For long term, di project social platform plans for Solana fit support steady demand, making di overall outlook bullish.