Foresight News reports that, according to the pump.fun official website, the pump.fun token sale has reached its cap, completing a public sale of 600 million USD in just 12 minutes.
Foresight News previously reported that this public sale is for 150 billion tokens, priced at 0.004 USDT each, accounting for 15% of the total supply (1 trillion tokens). This values the company at 4 billion USD, raising 600 million USD. Due to compliance reasons, participants from the UK and the US are not allowed to participate in this sale. In the PUMP token economics, 33% is allocated for public sale, 24% for community and ecosystem incentives, 20% for the team, 2.4% for the ecosystem fund, 2% for the foundation, 13% for existing investors, 3% for live broadcasting, and 2.6% for liquidity and exchanges.
