Coinbase Adds Support for Pump.Fun Ahead of $PUMP Token ICO
Highlights
- Coinbase to list $PUMP pre-launch market ahead of ICO on July 10.
- 33% of $PUMP’s 1T token supply allocated for public ICO sale at $0.004.
- $7M in short positions open against $PUMP, signaling cautious whale outlook.
Coinbase International Exchange has announced that it will add support for the $PUMP token ahead of its Initial Coin Offering (ICO). The exchange will list the $PUMP pre-launch market on both Coinbase International Exchange and Coinbase Advanced. Trading is set to begin on or after 8 p.m. UTC on July 10, 2025.
This development comes as Pump.Fun, the Solana-based memecoin launchpad, prepares for the official public sale of its native token.
Details of the Pump.Fun ICO and Tokenomics
The Pump.Fun ICO will open to the public on July 12, 2025. The platform has allocated 33% of its total token supply, or 1 trillion $PUMP tokens, for the ICO sale.
The ICO price is set at $0.004 per token, with 15% of the supply being made available to retail investors during the public sale. Private investors were previously allocated 18% of the total token supply at the same price.
The remaining distribution of tokens includes 24% for community and ecosystem initiatives, 20% for the team, and 13% for existing investors. Additionally, 2% of the total supply is reserved for the foundation, while 3% is allocated to livestreaming features, and 2.6% will support liquidity and exchange listings.
Following the ICO, $PUMP tokens will be tradable 48 to 72 hours after the sale concludes, with trading platforms such as Bybit, Kraken, and KuCoin supporting the token. This delay in trading access is designed to prevent immediate speculation and ensure proper market conditions.
Pump.Fun Acquires Kolscan to Enhance Platform Features
Concurrently, Pump.Fun has announced its acquisition of Kolscan, a wallet tracker that provides real-time data on the activities of top on-chain traders. The integration of Kolscan’s services is expected to enhance Pump.Fun’s offerings by providing more detailed insights into token performance, trades, and profits and losses (PnL) of active traders.
Alon, the co-founder of Pump.Fun said that the integration will enhance the social experience of on-chain trading. He added that trading is a “social sport,” through which participants can benchmark their performance with the best traders.
He continued to say that, the aim is to provide traders with tools to understand their trading strategies and use the services to interact with the rest of the trading community.
The transactions tracking features designed and provided by Kolscan such as ranking traders according to their performance will be free at the moment. This action will help to draw new and old trade customers to the platform and give them valuable data that they can use to make trading decisions.
Whales Bet Against $PUMP in Pre-Launch Short Positions
Ahead of the token’s official launch, several whale investors have opened short positions against $PUMP. Reports show that two separate whale wallets have deposited a total of $7 million in USDC to open short positions using 1x leverage on HyperLiquid.
This move indicates a cautious outlook from institutional investors regarding the potential price movement of $PUMP following its ICO.
The whale positions indicate an overall market doubt regarding the early performance of $PUMP following the ICO. Nonetheless, shorting gets pursued by institutional investors that want to hedge against the volatility that a newly introduced token experiences during its initial phase in the market.
Regardless of this pessimism of some investors, the management of Pump.Fun indicates an optimistic outlook concerning the future of the token and its ecosystem. In the long-term approach, the platform aims to develop its content platform that is capable of competing with major content platforms such as Twitch and TikTok, and reward its users through crypto-based incentives.
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