#Pump

😱😱 500M In 12 Minutes

The ICO of Pump.fun raised 500 million dollars in 12 minutes, selling 12.5 billion tokens $PUMP a at 0.004 dollars each.

This raised its FDV to 4 billion dollars, despite the platform's revenue falling by 92% since January.

Daily token launches decreased from 1,100 to just 69, while the token was rapidly distributed across multiple exchanges.

Key Factors:

The sale demonstrated Solana's technical capabilities, but creates a paradox: a high valuation despite declining revenue from the platform.

Reports indicating that 98.6% of the tokens could be fraudulent raise concerns about their legitimacy.

Regulatory risks loom, as meme coin launch platforms face increased scrutiny.

$PUMP

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