Solana-based memecoin factory Pump.fun is planning to list its upcoming PUMP token in four days, according to a countdown on the Gate exchange website. The protocol will apparently offer 150 billion PUMP tokens priced at $0.04 worth of USDT.

According to Gate, the PUMP sale will begin on July 12 and run for 72 hours. More distribution details will be announced at a later date, though the protocol will offer 15% of the max supply of 1 trillion PUMP tokens. A Pump.fun representative declined to comment. @zoomerfied first broke the news on X.

“The sale operates on a first-come, first-served basis. For individual subscriptions, as long as the quota is sufficient, only a minimum purchase amount is required and there is no upper limit,” Gate writes in an FAQ.

The Block previously reported that Pump.fun is looking to raise capital at a $4 billion valuation. The team is also reportedly considering including a revenue-sharing mechanism for its native token.

Pump.fun, launched in early 2024, enables anyone to create a token. The platform, responsible for the majority of memecoin launches and trading on Solana, saw peak daily revenues of more than $7 million on Jan. 23, though that figure has since declined to about $1 million per day.

Pump has generated about $700 million in cumulative revenue since its launch in early 2024, making it one of the most successful projects in the crypto space, according to The Block's data.

A Pump.fun co-founder first teased a token launch last October.