On July 12, #创作者活动第一期# , the token Pump from Pump fun will be publicly sold.

The total issuance of PUMP is 1 trillion tokens, with 33% issued through ICO at a price of 0.004U. Among them, 600 million USD was publicly raised on exchanges, and 700 million USD worth of tokens were sold to institutions through private placement. This token sale coincides with the recovery of the market, as Bitcoin has once again broken new highs and overall liquidity in the crypto space is slowly recovering. Regarding the issuance of Pump.fun tokens, most people in the industry are not optimistic, as the Meme market has quieted down, leading to a significant decrease in Pump.fun's profitability. This token issuance is also seen as another harvesting action, taking advantage of the recovery of market liquidity.
Pump.fun is not considered a unicorn among Meme launch platforms, as it lacks a technological moat and can be easily replaced.

Although Bitcoin has recently reached new highs, it has indeed brought about a new short-term liquidity overflow effect, and Meme coins may experience a phase of recovery. However, there are too many "launch and zero out" projects on Pump.fun, and in fact, user stickiness is quite poor. Coupled with users' impression of the founding team making a fortune, the market may not be willing to buy into PUMP Token.
However, its token institution is also not friendly to retail investors, the project launch valuation is not low, and the Meme popularity is difficult to reach its peak again, all of which are proving that the project may not have long-term investment value.