July 8th, according to The Block, cryptocurrency exchange Gate briefly launched a "Pump.fun Token Presale" page this morning, which has now been removed. According to the website's countdown information, Pump.fun will launch its upcoming $PUMP token on July 12th. The platform will offer a total of 150 billion $PUMP tokens, priced at 0.04 USDT equivalent per token.
This $PUMP sale will last for 72 hours. More distribution details will be announced later, but it is currently known that the protocol will release 15% of the total $PUMP supply (1 trillion tokens). A representative from Pump.fun declined to comment on this. [BlockBeats]