Pump.fun is holding a $600 million token sale, positioning them as one of the top cryptocurrency projects with a fully diluted valuation of $4 billion.
US and UK residents are excluded from participating in the ICO due to regulatory challenges faced by the company in those jurisdictions.
The ICO will have an immediate liquidity approach, with all tokens being fully unlocked from day one and only a brief non-transferable period after the sale.
Pump.fun plans to utilize the ICO funds to expand beyond memecoins, aiming to build a decentralized social network to compete with major platforms like Facebook and TikTok.