After losing their spot as the #1 token issuer on Solana and facing two quarters of negative growth, Pump.fun is heading for one last max extraction event on July 12th, with an "ICO" (is this 2017 again?) to raise $1bn from retail. They will be selling 33% to retail at $4bn valaution, 13% went in private sale. These figures dwarf the headlines from last month when we reported that Pump was selling 25% of total tokens to both retail and private investors.