Coinbase Adds Support for Pump.Fun Ahead of $PUMP Token ICO

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.

✓ Share:

Kelvin Munene Murithi

Kelvin Munene is a crypto and finance journalist with over 5 years of experience, offering in-depth market analysis and expert commentary .


With a Bachelor’s degree in Journalism and Actuarial Science from Mount Kenya University, Kelvin is known for his meticulous research and strong writing skills, particularly in cryptocurrency, blockchain, and financial markets.


His work has been featured across top industry publications such as Coingape, Cryptobasic, MetaNews, Cryptotimes, Coinedition, TheCoinrepublic, Cryptotale, and Analytics Insight among others, where he consistently provides timely updates and insightful content.


Kelvin’s focus lies in uncovering emerging trends in the crypto space, delivering factual and data-driven analyses that help readers make informed decisions. His expertise extends across market cycles, technological innovations, and regulatory shifts that shape the crypto landscape.


Beyond his professional achievements, Kelvin has a passion for chess, traveling, and exploring new adventures.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.