Polymarket Odds Slip as Pump.fun ICO Faces Doubts Over First-Hour Sellout
2025-07-10 12:05:43
Main Idea
Polymarket odds of Pump.fun's ICO selling out in the first hour have dropped to 38%, reflecting growing skepticism despite its $1.3 billion fundraising goal.
Key Points
1. Polymarket odds of Pump.fun's ICO selling out in the first hour dropped from 41% to 38% ahead of the July 12 launch.
2. Pump.fun aims to sell 330 billion PUMP tokens at $0.004 each, totaling 33% of its one trillion token supply.
3. The PUMP-USD perpetual contract on Hyperliquid reached $30 million in volume, with a mark price of $0.0056, 40% above the official ICO price.
4. Users from the U.S., UK, and EU are blocked from the sale, and participants must complete KYC through Pump.fun or approved exchanges.
5. Funds raised will support livestreaming innovations and potential token utility like fee rebates and buybacks.
Description
Polymarket odds of Pump.fun’s ICO selling out in the first hour have dropped to 38%. Pump.fun aims to raise $1.3 billion through the sale of 330 billion PUMP tokens at $0.004 each. The token sale ends on July 15 or once all tokens are sold, with trading expected 48–72 hours after. The hype around Pump.fun’s upcoming ICO may not be translating into full market confidence, as the decentralized prediction market Polymarket shows the probability of the ICO selling out within its first hour has slipp...
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