$PUMP Token Launched with $5.6B Market Cap after $500M ICO: What Will $SNORT Do?

Description

Pump Fun, the Solana-based meme coin launchpad, recently debuted its own token, $PUMP, which reached a staggering $5.6B market cap on the very first day of trading. At the time of writing, the market cap sits around $5.04B . The Initial Coin Offering (ICO) lasted just 12 minutes on July 12, raising $500M by selling 125B tokens, reaching a $4B valuation in the process. While many initially called this valuation excessive, the explosive listing has largely silenced those concerns. This historic la...