# Pump.fun Readies $600M ICO This Weekend

*Author: Bankless*
*Published: Jul 9, 2025*
*Source: https://www.bankless.com/read/pump-fun-readies-600m-ico-this-weekend*

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Pump.fun is launching its native PUMP token on July 12 in an ambitious ICO targeting $600 million across Bybit and other exchanges.

### What’s the Scoop?
- **Token Sale Mechanics:** Pump.fun is selling 150B PUMP (15% of supply) at $0.004, implying a $4B FDV.
- **Platform Traction:** The Solana-based memecoin launcher has reportedly generated $70M+ in revenue since January.
- **Token Distribution:** 33% of the total supply is earmarked for the public, 24% for ecosystem, 20% for the team, and 13% for investors. The rest supports liquidity and a foundation.
- **Geographic Exclusions:** U.S. and U.K. residents are barred from participating in the token sale, which requires KYC.
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