Pump.fun Concludes $500M ICO in 12 Minutes — But Something Doesn’t Add Up
2025-07-13 06:33:50
Main Idea
Pump.fun conducted an ICO for its native cryptocurrency PUMP, raising $500 million by selling 12.5% of the total supply, though there is speculation about the remaining 2.5% allocated for public sale.
Key Points
1. Pump.fun raised $500 million in its ICO by selling 12.5% of the total PUMP supply at $0.0040 per token.
2. The total supply of PUMP is one trillion, with allocations including 33% for ICO, 24% for community/ecosystem, 20% for the team, and 13% for existing investors.
3. Out of the 33% ICO allocation, 18% was reserved for private institutional buyers, while 15% (150 billion PUMP) was intended for public sale, but only 12.5% was sold publicly.
4. Tokens from the private sale have been allocated and will become tradable within 48-72 hours after the ICO.
5. Pump.fun faced challenges before the ICO, including Gate.io removing its pre-market listing for PUMP and refunding presale participants.
Description
The Solana-based meme coin launchpad, Pump.fun, has concluded the initial coin offering (ICO) for its native cryptocurrency, PUMP. Although the platform completed the public sale in 12 minutes, there are some controversies surrounding it. Data from the Pump.fun token website shows that the launchpad raised $500 million during the sale. The platform sold 12.5% of the PUMP total supply for $0.0040 each in a public offering. Speculation Around Pump.fun ICO When announcing the ICO on July 9, Pump.fu...
Latest News
- Bitcoin Hits Fresh All-Time High as Saylor and Kiyosaki Want to Buy More2025-07-13 15:11:46
- CMC: Hyperliquid Hits $1.57T as Stablecoins, RWAs Surge in Q2 20252025-07-13 14:47:53
- Ethereum Price Analysis: Will ETH Pull Back to $2.8K Before Next Leg Up?2025-07-13 13:38:00
- XRP Needs to Break This Key Resistance to Target a New All-Time High: Ripple Price Analysis2025-07-13 13:26:22
- Bitwise Says ETH, XRP, LINK, SOL Could Dominate $257 Trillion Tokenizaation Market2025-07-13 13:04:18