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Solana-based memecoin launchpad Pump.fun has announced its PUMP token ICO, set for July 12. The tokenomics reveal allocations for institutions, the public, and internal stakeholders, but critics call the distribution exploitative.
- PUMP token ICO launches July 12 with 1 trillion total supply, priced at $0.004 per token.
- Critics argue tokenomics favor the team, with over 40% allocated internally.
- Pump.fun aims to evolve into a decentralized social platform, rewarding users and creators.
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