Pump․fun’s Upcoming Token Could Break into the Top 50 Cryptos

To secure a successful listing and liquidity, Pump․fun is in discussions with major centralized exchanges and is exploring the possibility of conducting an Initial Exchange Offering (IEO) using a Dutch auction. Under this model, the token’s price starts high and gradually decreases at fixed intervals until all tokens are sold.

According to internal documents, the total token supply will be 420 million tokens. Initially, 50% will be allocated for public sale, around 25% will be reserved for the development team, and the remaining 25% will go to early investors, subject to a three-year vesting period. However, this allocation is not final and may change. Based on these figures and current market conditions, if the token price surpasses $4–$5, it could enter the top 50 cryptocurrencies by market capitalization.

Notably, Pump․fun’s revenue from trading fees has already exceeded $570 million, with the team transferring over $380 million to CEXs for asset sales. However, despite its financial success, Pump․fun is facing serious legal challenges. Recently, the platform was hit with a class-action lawsuit accusing it of promoting fake tokens and facilitating Ponzi schemes operated by third parties.

Although the leaked documents do not specify an exact launch date for the token, Pump․fun co-founder Alon dismissed the reports as speculation. However, he did assure users that they will receive rewards for their activity on the platform.

Related: Pump&Dump Strategy: How It Works and Who Earns From It