#MemecoinSentiment Here’s the recent memecoin sentiment amid the recent Pump.fun ICO launch:

1. **🚀 Massive raise**: Pump.fun’s $PUMP ICO sold out in ~12 minutes, raising between $500 M–$600 M for ~33% of total supply .

2. Bullish pre‑market: Derivatives saw ~$346 M in futures volume, trading ~30% above ICO price—strong long-side sentiment .

3. Cautious optimism: Prediction markets showed ~70% chance of early sell-out and analysts note incentives (cliffs, lockups) that slightly dampen dump risk .