Inside pump.fun’s $500M ICO and its quest to topple Twitch
2025-07-14 17:52:44
Main Idea
Pump.fun's $500 million ICO sold out in 12 minutes, with the PUMP token seeing a 325% profit post-ICO, and the platform aims to compete with major social media platforms like Twitch and Facebook.
Key Points
1. Pump's ICO raised $500 million at a $4 billion valuation, selling 125 billion PUMP tokens at $0.004 each, which later traded at $0.017.
2. 10,145 unique addresses participated, with more users coming from Solana DEXs than CEXs.
3. Pump has generated $786 million in cumulative revenues since January 2024, with plans to share 25% of revenues with token holders.
4. The platform aims to compete with social media giants like Facebook, TikTok, and Twitch, leveraging Solana's infrastructure.
5. Pump.fun's strategy includes allowing creators to earn 0.05% of all trading fees from their tokens.
Description
PUMP’s ICO sold out in 12 minutes, FYI
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