On June 7, according to two informed sources, Pump.fun is seeking to raise $1 billion through an initial token offering and is considering sharing protocol revenue with potential token holders.
It is currently unclear how much of the potential protocol revenue will be allocated to token holders, and it is uncertain whether this will include earnings from the decentralized trading platform PumpSwap launched earlier this year. Pump.fun has not responded to multiple requests for comment.
An informed source revealed: "Some details may be adjusted, but the core concept is to link token buybacks with a portion of platform revenue, with plans to unlock tokens for investors participating in private/public sales during the Token Generation Event (TGE)."
Sources disclosed that the PUMP token for public and private investors is expected to be fully unlocked at the TGE. While additional issuance is possible, the total supply is capped at 1 trillion tokens. Reports indicate a private sale price of $0.004 per token, with public sales to launch within two weeks, partially through exchanges like Binance with accompanying airdrops. An estimated 25% of the token supply is allocated for public sales, with 10% reserved for airdrops.
