Pump.fun Makes a U

2025-07-14 19:15:53 分类：Blockchain Query 阅读(467)

Presale announcements confirm a Bitget listing post-sale, with Gate offering 150 million tokens at $0.004 each. Gates allocation only represents 0.015% of the supply, not the full raise.

Kraken and Bybit have also officially confirmed participation.

Gate offering 150 million PUMP- Source: MrsBeast DeFi

Trading Already？ The Hyperliquid Question

Adding to the confusion, the PUMP token is already trading on Hyperliquid, a decentralized perpetuals exchange.

One of the screenshots shows the token listed as “PUMP,” with live trades happening even before the token officially launches.

This is likely synthetic trading, where HyperLiquid lets users speculate on future prices based on expectations.

Confused users ask questions- Source: Onchain Lens

What makes this odd is that most users don‘t realize the PUMP Presale hasn’t even begun.

HyperLiquid trades- Source: AzFlin

This creates a strange feedback loop: price speculation before launch, which then feeds into FOMO for the actual presale.

And if bots dominate the presale, as theyve done with many Pump.fun projects, it could lead to a highly concentrated supply among snipers who already bet on the token.

Source: X

One tweet also highlights the irony: Pump.fun always marketed itself as “bot-resistant.” Yet, data shows bots flooding in during earlier token launches on the same platform.

Now, with a formal presale, bot behavior could become even more intense.

Pump.fun Tokenomics and the Real Game Behind the Hype

Lets break down the tokenomics using the official figures shared by Pump.fun.

The total supply of PUMP tokens will be 1 trillion (1,000,000,000,000). Of this, 33% (330 billion tokens) will be sold through the presale.

Bitget is handling the main token sale, while Gate.com (gate.io subsidiary) is offering just 150 million tokens, a sliver of the full allocation.

Bitget handling the bigger chunk of the PUMP presale- Source: Bitget

The remaining tokens are split across several buckets:

• 24% for community and ecosystem initiatives
• 20% to the team
• 13% to existing investors
• 3% for livestreaming
• 2.6% for liquidity and exchanges
• 2.4% to the ecosystem fund
• 2% for the foundation

Theres a standard vesting model expected for team and investor allocations, but no public audit or whitepaper has yet clarified these timelines.

PUMP token distribution- Source: Pump.fun

The presale will take place on Pump.fun itself, with users able to participate directly through the launchpad. But critics have pointed out that this structure still allows whales to scoop large chunks early or position themselves for an early price move.

Disclaimer：

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