Solana-based MemeCoin platform Pump.Fun will share a portion of the protocol revenue with token holders via upcoming pump tokens.
According to two sources close to this issue, the platform aims to raise funds through $1 billion in initial coin provision (ICO).
It is not yet clear that Pump.Fun’s revenue will be led to pump tokens through a “buyback supported benefit structure.” It is also unclear whether the model will include revenue from decentralized Exchange Pumpswap launched earlier this year. The platform did not respond to requests for comment on this issue.
Pump.Fun’s daily revenue peaked on January 23rd at over $7 million. However, that figure gradually fell to about $1 million a day. Since its launch in early 2024, the platform has generated approximately $677 million in total revenue, making it one of the most profitable startups in the crypto space.
“While some details are still subject to change, the idea is to tie some of the platform’s revenues to a buyback mechanism,” a source close to the founding team said in a statement. The same source added that tokens are planned to be fully opened during TGE (Token Generation Event) for investors taking part in both private sales and public sales.
Pump.Fun first announced its token project last October. At the time, the anonymous founder said at the X-space event that “we will launch tokens in the future and reward the earliest users.”
The pump token will be sold to both private and public investors. Sources say the total supply will be limited to 1 trillion tokens, with tokens fully open at the first stage. The unit price of the token is set at $0.004 for private investors, and the public offering is scheduled to be held in two weeks. It is also organized that some of the token sales will be made in major exchanges such as Binance and Airdrop.
According to sources, about 25% of the token supply is allocated to public sales and 10% is allocated to airdrops.
*This is not investment advice.
