Meme Coin Mania: Pump.fun Raises $600 Million in Just 12 Minutes
2025-07-13 09:31:13
Main Idea
Pump.fun raised $600 million in 12 minutes through a meme coin ICO, with an additional $1.32 billion raised from private investors, marking one of the largest ICOs to date.
Key Points
1. Pump.fun announced the sale of 150 billion tokens at $0.004 each via X (formerly Twitter) on July 9.
2. A block of 180 billion tokens was sold to private investors before the public sale, raising a total of $1.32 billion.
3. Investors from the US and UK were barred from participating in the sale.
4. Pump.fun, founded by Alon Cohen, Noah Tweedale, and Dylan Kerler, has become a key player in the meme coin market since its 2024 debut.
5. The platform has generated nearly $800 million in revenue and recently acquired wallet tracking tool Kolscan to enhance on-chain trading.
Description
Pump.fun, a platform enabling users to create meme coins, managed to raise $600 million within a mere 12 minutes on Saturday. Key Takeaways: Pump.fun raised $600 million in just 12 minutes, marking one of the largest ICOs to date. A block of 180 billion tokens was sold to private investors before the public sale. The platform’s rapid growth highlights a renewed interest in meme coins and ICO fundraising. The rapid fundraising effort ranks among the largest initial coin offerings (ICOs) ever and ...
Latest News
- Solana Price Prediction: Experts See SOL Hitting $300 Before August Amid Bullish Chart Patterns2025-07-13 16:13:13
- XRP Price Prediction: Its Ascent to #3 After 25.8% Weekly Gain – Will Momentum Hold?2025-07-13 15:09:11
- High-Leverage Crypto Trader James Wynn Deletes X Account After Nine-Digit Losses2025-07-13 14:11:34
- Animoca Brands Partners with DayDayCook to Manage $100M Bitcoin Treasury2025-07-13 11:51:10
- Bitcoin Price Prediction: Bank of America Names BTC Best Currency – Is Institutional Accumulation Accelerating?2025-07-13 11:15:40