Pump.fun, a decentralized crypto launchpad on the Solana network, finally launched its long-awaited token in an Initial Coin Offering.
The PUMP ICO gained massive attention from the community and investors as its $500 million sale was sold out in just 12 minutes. The ICO was launched on July 12 at 14:00 UTC.
Notably, 23,959 unique wallets completed the know-your-customer procedure to enter the ICO. According to Adam Tehc’s Dune dashboard, only 42.3% of the addresses, 10,145 wallets, could successfully purchase PUMP tokens.
In total, 12.5% of the 1 trillion supply was sold through the ICO with an average price of $0.004 per token.
Despite the massive ICO, data shows that Pump.fun’s revenue has been on a downtrend since mid-April. On July 12, the day of the token launch, the Solana-based platform generated roughly $657,000 in revenue.
PUMP Whales Are Everywhere
While the average PUMP ICO’s buy size was $44,209, the majority of the wallets, accounting for 5,758 unique addresses, bought less than $1,000 worth of the asset.
According to Dune data, 445 addresses purchased between $100,000 and $500,000 tokens. 138 wallets accumulated between $500,000 and $1 million in PUMP tokens.
And last but not least, 202 wallets bought over $1 million of token worth in its ICO.
Whale involvement has proven to trigger FOMO (fear of missing out) among retail investors and traders.
PUMP’s value tripled to $2.5 billion a few hours after the launch. However, the token faced a quick selloff from short-term investors. The token is currently trading at $0.0078 with a market cap of $1.6 billion.
When I spot a new launch with good narrative under $5k mcap on pumpfun. pic.twitter.com/mWKZzEcl9H
— Guy (@obeyguyy) July 12, 2025
Coinspeaker has put together a list of future ICO’s for those who want to stay ahead of the crypto curve.
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