Pump.fun Token Tops $2 Billion in Market Cap Following Massive ICO—But It Hasn't Caught Bonk Yet

Key Points

1. Pump.fun's token debuted after a $600 million ICO that sold out in 12 minutes, reaching a market cap of $2 billion.

2. The token is currently the 63rd largest cryptocurrency but trails BONK, which has a market cap of $2.23 billion.

3. A trader accidentally burned $58,000 worth of PUMP tokens but remained unfazed by the loss.

4. Rival launchpad LetsBonk surpassed Pump.fun in daily token creations, launching 19,620 tokens compared to Pump.fun's 9,249.

5. Pump.fun has generated over $784 million in revenue and facilitated the creation of more than 11.89 million tokens since its launch in January 2024.