Meme coin generation platform ”Pump.fun” to list its own token ”PUMP” on the 12th

Solana-based meme coin generation platform Pump.fun has announced that it plans to list its token PUMP on the 12th (local time).
The date was confirmed via a countdown timer posted on the website of cryptocurrency exchange Gate.
According to Gate, the PUMP token sale will take place for 72 hours from July 12th, and will account for approximately 15% of the total supply of 1 trillion tokens.
The equivalent of 150 billion tokens will be sold, priced at $0.04 USDT each, and details regarding the token distribution will be released at a later date.
Sales will be on a first-come, first-served basis, and individual participants can purchase without any additional limit once they have met the minimum purchase quantity. However,
The people involved declined to make any official comments about the sale. The news was first reported by X-user "zoomerfied."
Previously, it was known that Pump.fun was seeking funding with a valuation of around $4 billion.
It was also reported that they are considering introducing a "revenue sharing mechanism" that would share profits with token holders. "Pump.fun," which was launched in early 2024, allows anyone to easily generate tokens.
It provides tools to enable this and is positioned as the core platform responsible for the launch and trading of most meme coins in the Solana ecosystem.
On January 23rd, daily revenue peaked at over $7 million, and is currently averaging around $1 million per day.