In a historic moment for the memecoin space, **Pump.fun** — the team behind the viral $PUMP token — successfully raised **\$500 million** in its initial coin offering (ICO), which sold out in just **12 minutes** on Saturday.
🔸 **Tokenomics Snapshot:**
* Total Supply: **1 Trillion PUMP**
* ICO Allocation: **33%**
* 18% to institutional investors
* 15% to retail participants
* 24% reserved for the ecosystem & future community initiatives
* 13% allocated to current investors
The explosive ICO marks one of the **largest and fastest** in crypto history, reviving interest in memecoins after the sector cooled off following a strong run in 2024. It also suggests a possible return of **public ICOs**, which had nearly vanished in the U.S. during Gary Gensler’s SEC era due to regulatory constraints.
💬 The community, however, is split.
While **Dragonfly’s Haseeb Qureshi** hailed $PUMP
as “one of the highest-grossing revenue tokens ever,” critics like **Mary Bent** (Truth for the Commoner) warned it's "leading Gen Z to ruin."
Whether you see it as innovation or hype, one thing’s clear —$PUMP has captured the market's attention.*