Pump.fun token raised 500 million in 12 minutes
The team behind the Solana memecoin creation platform launched an initial coin offering (ICO) on July 12. Pump.Fun, the memecoin creation platform on the Solana network, launched an initial coin offering (ICO) for its native token, PUMP, which sold out in just 12 minutes.
The development team sold 12.5% of the total supply of 1 trillion PUMP, that is, 125 billion units, at a price of $0.004 per token.
