Pump.fun, the Solana-based memecoin launchpad that became a cash machine in 2024, just started writing checks. On July 14, the platform’s team wallet began distributing unlocked $PUMP tokens, moving over $6 million worth in the first hour alone. By the time the dust settled, total distributions had blown past $19 million.

The transfers are part of a broader unlock event that hit on July 12, two days prior, when approximately 82.5 billion $PUMP tokens were released from their vesting schedule. That release, roughly 29% of the token’s circulating supply at the time, marked the first major cliff unlock since Pump.fun’s initial coin offering a year ago.

Where the tokens went

Here’s the breakdown. Of the 82.5 billion tokens unlocked, about 50 billion were earmarked for the team and 32.5 billion for early investors. In total, around 52 billion $PUMP tokens, valued at approximately $76 million, were distributed from the team wallet.

That still leaves roughly $60 million worth of tokens sitting in the treasury.

The $PUMP token has a total supply of 1 trillion tokens. The tokenomics split looks like this: 20% allocated to the team, 13% to existing investors, 24% to the community and ecosystem, with smaller tranches going to the foundation, liquidity provisions, and an ecosystem fund. The remaining 33% was sold during the 2025 ICO, which raised roughly $1.32 billion.

The platform behind the token

Pump.fun generated hundreds of millions in platform fees since its launch, with daily revenue peaking above $7 million during the memecoin frenzy.

The $PUMP token itself launched via ICO in mid-2025, and the vesting schedule was designed with a one-year cliff followed by linear unlocks. The July 12 event was that cliff coming due.