- Pump.fun lists PUMP on major CEXs July 12 despite founder’s past criticism of token presales and exchange listings.
- Platform’s presale contradicts co-founder’s viral claims that such events unfairly benefit insiders over retail participants.
Pump.fun, a platform recognized as a primary place for memecoin sales, sets PUMP token sale for July 12. The official announcement came after Gate.io briefly published, then removed, details of the sale.
Information confirms several trading platforms will participate. These include Kraken, Bitget, KuCoin, Bybit, and others.
The token sale news has prompted user discussion
This connects to past criticism by Pump.fun co-founder, Alon. Alon previously criticized this type of presale and the listing of tokens on centralized exchanges. He stated these processes offer more advantages to internal project members than to average investors. He also mentioned doubts about token listing transparency on exchanges.
Pump.fun outlined the token sale process. 150 billion PUMP tokens will be available for sale. This equals 15% of the total 1 trillion token supply. 33% is allocated to initial coin offering (ICO) stages. This allocation points to possible additional sales and listings on other trading platforms after July 12.
20% of the tokens are designated for the project team. 13% is allocated to current buyers. 24% is set aside for user-related activities and platform functions. The remaining percentage will support market liquidity, livestreaming, and other trading platform needs.
Separately, the token sale has restrictions for buyers in the United States and the United Kingdom. This method differs greatly from what platform users previously experienced. The platform had emphasized open, on-chain tools available to any investor.
The PUMP token sale follows a period where the platform’s popularity decreased. Multiple reports indicated excessive use of automated trading software. Despite this, the platform maintains recognition among longer-term users.
