Pump.fun raises $500M in ICO, sells out in minutes

#Memecoin platform #Pumpfun raised $500 million in an initial coin offering (ICO) on Saturday, selling out in around 12 minutes. The sale distributed 33% of the $PUMP token’s 1 trillion supply, with 18% going to institutional investors and 15% to retail participants. The remaining supply is allocated to the ecosystem, community initiatives, and prior investors.