Pump.fun, the decentralized platform built on the Solana blockchain that lets anyone spin up and launch their own meme coin, has rolled out a token of its own. The freshly launched Solana-based crypto token PUMP has shot up in price since its ICO on Saturday.

While the total supply caps out at 1 trillion PUMP tokens—translating to a fully diluted valuation of $7.48 billion—only 206 billion are currently in circulation right now, putting its current market cap at $1.54 billion. According to CMC data, the reported 206 billion circulating PUMP tokens is a self-declared figure.

Since its minting on July 10 and ICO debut on July 12, the token has clocked 10,167 transfers and is now held by 10,145 unique addresses. CMC also shows PUMP trading on Bingx, Lbank, Changenow, Meteora v2, and several decentralized exchange (DEX) platforms.

At 8 a.m. Eastern time, PUMP was priced at $0.007484 per coin, though just yesterday it peaked at $0.01214. Beyond its $0.004 ICO entry point, PUMP dipped to a low of $0.006203—but it’s now trading over 20% higher than that bottom. However, from its peak, the token has dropped more than 38%.

PUMP’s early run has been anything but dull—soaring, dipping, and still managing to stay well above its launch price. With meme coin culture fueling its momentum and trading activity spreading across multiple platforms, the token’s future will likely depend on how long the hype holds and whether utility or community sticks around for the ride.

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