Pump Fun plans to publicly issue its native token PUMP on the Gate platform on July 12.

The Solana-based meme coin platform $Pump Fun plans to launch its native token $PUMP on Gate on July 12th. The total issuance will be 1 trillion tokens, with 15% released in the first round of sales, priced at $0.04 per token equivalent in USDT. The sale will last for 72 hours and will be on a first-come, first-served basis with no subscription cap. Previously, there were reports that the platform is seeking financing at a valuation of $4 billion and is considering introducing a revenue-sharing mechanism for the token. [The Block]