Pumpfun, a token launch platform operating on the Solana blockchain, is set to release its own token and conduct public offerings utilizing a Dutch auction model. The platform is currently collaborating with centralized exchanges (CEXs) to develop the necessary system for these offerings. According to reports, a total of 420 million tokens will be issued, with 210 million allocated for public sale. Additionally, 25% of the tokens will be reserved for the team, while early investors will receive 22.05% of the total supply. There are indications that the token will include a 2.95% airdrop, and the platform aims to sell 50% of the tokens at the highest price possible through the auction process.