PUMP.FUN ANNOUNCES TOKEN SALE

Summary from the TLDR Crypto newsletter

Pump.fun is launching its native token, $PUMP, through an ICO on July 12 at $0.004 per token, with ambitious plans to "kill Facebook, TikTok, and Twitch" by creating a social streaming platform. The ICO will sell 33% of the 1 trillion token supply, with all tokens fully unlocked on day one. Remaining tokens will be allocated to the community (24%), the team (20%), investors (13%), and other initiatives. The public sale requires KYC through partner exchanges and excludes US/UK residents. Tokens will become transferable 48-72 hours after the sale ends. There will be an airdrop some time after the initial sale.