Solana-Based Pumpfun Targets $600 Million in July Token Sale

* Solana memecoin platform Pumpfun to launch a $600 million token sale from July 12–15, 2025. * Project valued at $4 billion, with 150 billion PUMP tokens offered at $0.004 each. Solana’s Pumpfun has confirmed its plans for a $600 million PUMP token sale, which will run from July 12–15, 2025, ending weeks of speculation about the platform’s intentions. During the event, Pumpfun will offer 150 billion tokens at $0.004 each, giving the project a fully diluted valuation of $4 billion. On July 9, The Block reported that several cryptocurrency exchanges, including Bybit, Bitget, and KuCoin, will conduct the token sale. CoinCodex also confirmed the plans on July 9. Each platform will use a different sale method, as Bitget will adopt a subscription-based model, while Bybit will offer tokens on a first-come, first-served basis. However, regulatory barriers will prevent EU users from participating through Bybit.eu. The announcement quashes doubts about the sale’s status, which surfaced on July 8 after Gate.io quietly removed a webpage outlining identical sale details of 150 billion tokens at $0.004 each. Although the unexplained removal prompted speculation about Pumpfun’s plans, the confirmation of finalized dates has ended the uncertainty. The token launch comes as Pumpfun grapples with financial difficulties. Following reports on July 7 that the platform's protocol revenue had dropped 92% from its peak, the company faces a pressing need to regain momentum. Still, ongoing enthusiasm in the memecoin space has generated significant market attention for the sale. According to CoinMarketCap, as of 18:09 UTC on July 9, Solana (SOL) was trading at $153.91, with its 24-hour trading volume up 1.27%, while Ethereum (ETH) was valued at $2,668.99, an increase of 1.86%. In addition, XRP was priced at $2.38, marking a 2.97% gain. Meanwhile, Toshi (TOSHI) showed a slight dip, trading at $0.001 after a 0.05% decline.