Pump.fun ICO Sells Out In Minutes, Raises $500M And $4B Fully Diluted Valuation
Main Idea
Pump.fun's ICO raised $500 million in 12 minutes by selling 12.5% of its PUMP token supply, achieving a fully diluted valuation of $4 billion, with mixed reactions from the crypto community.
Key Points
1. Pump.fun's ICO sold 125 billion PUMP tokens at $0.004 each, raising $500 million and reaching a $4 billion FDV.
2. The tokens were sold via Pump.fun's official website and exchanges like Bybit, KuCoin, Bitget, Kraken, Gate.io, and MEXC.
3. PUMP's pre-listing price surged to $0.006989 on Hyperliquid but later dropped slightly.
4. Some community members criticized the discrepancy between the initially promised 33% supply and the actual 12.5% offered.
5. A trader reportedly opened a $8 million short position on PUMP using 2x leverage on Hyperliquid.
Description
Pump.fun’s long-anticipated public token sale concluded in a mere 12 minutes, and investors snapped up the full 12.5% of its 1 trillion‑token supply in a quick move. The event raised a total of $500 million from the sale of 125 billion PUMP tokens priced at $0.004, which accounts for 12.5% of the total 1 trillion token supply. $500 Million Raised In Just 12 Minutes The Pump.fun ICO has officially become one of the most explosive token launches of the year after raising $500 million and closing o...
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