Suspected Pump.fun Plans $600 Million Token Sale on Solana, Briefly Listed and Then Removed from an Exchange

On July 8, it was reported that Pump.fun, a meme coin launchpad on Solana, had originally planned to launch its own token sale later this week, but the plan has since been put on hold. According to a page from a certain cryptocurrency exchange, Pump.fun intended to offer 150 billion PUMP tokens for public sale, representing 15% of the total supply, priced at $0.004 per token, which would correspond to a fully diluted valuation (FDV) of $4 billion. However, after attracting significant attention on social media, the page has been taken down. Representatives from Pump.fun and the exchange did not immediately respond to Decrypt’s request for comment.