PumpFun To Launch $PUMP Token Sale & Airdrop

Pump.fun's $600M Token Sale Nears Amid Controversy

Token Sale Details: Pump.fun, a Solana-based memecoin platform launched in January 2024, is set to begin its public token sale on July 12, 2025, with the goal of raising $600 million. The sale will run until July 15 and be available on major exchanges such as Bybit, Kraken, Bitget, Gate.io, KuCoin, and MEXC, though US and UK residents are barred from participating. Pre-market trading on Bybit has already valued it at $5.1 billion FDV, a 27.5% premium over the $4 billion ICO FDV, while Hyperliquid launched a PUMP-USD perpetual pair on July 9, 2025, offering up to 3x leverage.

Token Supply Breakdown: The sale involves 150 billion PUMP tokens priced at $0.004 each, comprising 15% of the total 1 trillion supply. Key allocations include 33% for the ICO (with 18% already sold privately), 24% for the community, 20% for the team, 13% for investors, and 2.4% for an ecosystem fund. Since its launch, Pump.fun has amassed over $700 million in revenue from fees. Additionally, Binance Futures is scheduled to launch a PUMP perpetual contract on July 10, 2025, at 07:30 UTC. Currently, PUMP trades at $0.0056 on Hyperliquid, a 40% premium over ICO, with $30 million volume and $17 million open interest in the first 24 hours.

Reactions and Trading: Co-founder Alon previously stated on March 31, 2024: "The only upside to presales are that they allow you to pocket raised $$$... Conclusion: every pre sale is a scam." On March 29, 2025, he added: "exchange listings are dead no transparency around listing leads to foul play and shitty coin selection." These comments have fueled accusations of hypocrisy, as Pump.fun proceeds with a presale and exchange partnerships. Meanwhile, competitor LetsBONK.fun has surpassed Pump.fun, capturing 58.5% market share in Solana launchpads and flipping it in daily earnings. Despite this, current pre-market trading indicates strong interest, with PUMP trading at a premium over the ICO price. Read More.

️ On today's Top Picks:

  1. 👀 Caldera potentially teases $ERA TGE & airdrop on X.
  2. 🪂 PumpFun teases "...airdrop coming soon" on X.
  3. 🌐 OpenAI to launch browser to challenge Google $GOOGL Chrome.
  4. 🪟 Microsoft releases Windows July update patching 130 vulnerabilities.

Read time: ⏰ 7 minutes


Crypto News


• ⭐️ PumpFun to launch $PUMP Initial Coin Offering on July 12th; to sell 33% of supply at $0.004 to raise $1.32B at a $4B fully diluted valuation.

Bitcoin $BTC reaches new all time high of ~$112K; previously reached new all time high on May 22nd.

Eigen Labs $EIGEN lays off 25% (29) of its staff; decision not motivated by financials, but rather to shift focus to EigenCloud.

Phantom launches Phantom Perps, perpetual contract trading powered by Hyperliquid $HYPE; to roll out to eligible users over the coming weeks starting with customers in the EU.

YZi Labs to support 10X Capital, to establish the $BNB Treasury Company; to pursue a public listing on a major US stock exchange.

Kraken & Backed to expand xStocks support to $BNB Chain; currently supports Solana $SOL.

Ripple $XRP selects BNY $BK as the primary reserve custodian of Ripple USD $RLUSD; the stablecoin has a current market cap of ~$500M.

World Liberty Financial launches proposal to make $WLFI transferable/tradeable; vote ends on July 16th.

Alpha


• ⭐️ Caldera potentially teases $ERA TGE & airdrop on X; previously launched Caldera Catalyst Part I in May.

Blockscout launches boosted rewards across Activity Pass actions; earn 200 Merits for exploring & 300 Merits for using Swapscout, Revokescout, and/or interacting with contracts.

Celestine Sloths announces that holders have 24 hours to connect their Sloth wallet & EVM wallet; to potentially receive something soon.

Octant to launch Epoch 8 allocation window on July 10th; 30 projects participating.

ICYMI Coinbase Wallet teases "New name coming soon. TBA" on X; to potentially launch on July 16th.

Airdrops


Weekly Airdrop Recap by Earndrop.

• ⭐️ PumpFun posts "...airdrop coming soon" on X; 24% of $PUMP supply allocated to Community & Ecosystem Initiatives.

WalletConnect to launch $WCT airdrop claim for several Solana communities on July 14th; Solana Mobile, Phantom, Backpack, Solflare, & Jupiter DAO users are eligible.

Binance launches Lagrange $LA HODLer Airdrop; BNB Simple Earn and/or On-Chain Yields products subscribers from June 22nd to June 25th are eligible.

ICYMI Weekly Airdrop Recap (June 28th) by Earndrop.

ICYMI Eclipse launches $ES airdrop eligibility & allocation checker; Eclipse users are potentially eligible.

Finance News


US President Trump announces new 50% tariff on copper imports; to go into effect on August 1st.

US President Trump sends tariff letters to Brazil & the Philippines; previously sent tariff letters to Cambodia, Thailand, Bangladesh, Serbia, Indonesia, Bosnia, Tunisia, Japan, & South Korea; tariffs to go into effect on August 1st.

SharpLink Gaming $SBET buys an additional ~7,689 Ethereum $ETH for ~$19.2M at ~$2,501 per ETH; now holds ~205,634 ETH worth ~$571M.

Defi Dev Corp $DFDV buys an additional 47,272 Solana $SOL for ~$7M at ~$149 per SOL; now holds 690,420 SOL worth ~$108M.

Trump Media & Technology Group $DJT files S-1 with US SEC for Crypto Blue Chip ETF; to primarily hold Bitcoin $BTC, Ethereum $ETH, Solana $SOL, Ripple $XRP, and Cronos $CRO.

Nvidia $NVDA becomes first company to reach $4T in market cap; closes at ~$3.97T market cap; Microsoft $MSFT follows at ~$3.74T market cap.

Nvidia $NVDA to launch new AI chip designed specifically for China as soon as September; the chip is modified to meet US President Trump’s tightened export control rules.

• ⭐️ OpenAI reportedly plans to launch an AI-powered web browser in the coming weeks; to challenge Google $GOOGL Chrome.

Security and Exploits


• ⭐️ Microsoft releases Windows July 2025 update; patches 130 vulnerabilities.

Malicious Browser Extensions with 1.7M downloads found on Chrome Web Store; could track users, steal browser activity, and redirect to potentially unsafe web addresses.

Coinbase $COIN launches new bug bounty program exclusively focused on onchain vulnerabilities with rewards of up to 5M USDC.

GMX exploited for ~$40M due to design flaw; GMX v1 forks are also vulnerable; team offers 10% bounty to the attacker for the return of the exploited funds.

Token Unlocks


• Immutable $IMX / ~$11M / July 11th
• Aptos $APT / ~$52M / July 12th
• Starknet $STRK / ~$15M / July 15th
Sourced from Tokenomist


Funding


Ego Death Capital closes $100M second fund; to back companies building on Bitcoin.

Velvet raises $3.7M in funding from several investors.

BridgePort raises $3.2M in funding led by Further Ventures.

Crystal Intelligence raises an undisclosed amount in Strategic funding from Tether.

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That’s it for today’s edition! See you soon.

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