"Pump.fun pursuing $1 billion ICO... Considering sharing profits with investors"

Memecoin issuance platform Pump.fun is reportedly pursuing a token offering (ICO) of up to $1 billion and is considering ways to share a portion of protocol profits with future token holders.

On the 6th (local time), The Block, citing sources familiar with the matter, reported, "The structure currently under discussion is to indirectly return a portion of profits generated by Pump.fun to major holders via buybacks," adding, "Those who participate in public and private sales are highly likely to receive all their tokens at the time of the Token Generation Event (TGE)."

The source also stated, "The total token supply is expected to be capped at 1 trillion, of which about 25% may be allocated to the public sale and 10% to the airdrop," further noting, "Private sale is currently underway at $0.004 per token, with the public sale expected within two weeks."