Pump Fun, a Solana-based memecoin platform, launched its native token $PUMP through a public Initial Coin Offering (ICO) beginning July 12, 2025, across multiple major cryptocurrency exchanges including Bybit, Kraken, Bitget, MEXC, KuCoin, and Gate. The ICO offered 150 billion tokens, representing 15% of the total 1 trillion token supply, at a price of $0.004 per token, targeting a fully diluted valuation (FDV) of $4 billion. The public sale was heavily oversubscribed and sold out within 12 minutes, raising approximately $600 million. The ICO saw participation from over 10,000 buyers with nearly 24,000 wallets completing KYC verification. Token distribution to successful buyers was completed shortly after the sale. Following the ICO, $PUMP began trading on Solana decentralized exchanges with an opening FDV reported around $5.3 billion to $5.6 billion. The token recorded over $240 million in onchain trading volume within its first hour of launch. The funds raised are intended for platform upgrades and expansion of social trading features. US and UK users were excluded from the public sale. The launch has drawn attention as a major event in the memecoin and Solana ecosystem.