*Pump.fun ICO raises $500M in 12 minutes - memecoin mania or disaster?
Saturday was absolutely insane for the memecoin space...
Pump.fun's PUMP token ICO sold out in 12 minutes
$500M raised, 1 trillion token supply
33% to ICO (18% institutions, 15% retail)
Crypto Twitter having a complete meltdown over it
The reactions are... intense
*The numbers
ICO breakdown:
-Total raised: $500M in 12 minutes
-Max supply: 1 trillion PUMP tokens
-ICO allocation: 33% of supply
-Ecosystem fund: 24%
-Existing investors: 13%
Split: Institutions got bigger slice (18% vs 15% retail)
Classic institutional privilege in action.
*Crypto Twitter civil war
Bulls celebrating:
Haseeb (Dragonfly VC): "One of highest-grossing revenue tokens in crypto"
Bears raging:
Mary Bent (TFTC): "Pied Pipers leading Gen Z to ruin"
Reality check from Coinbase:
Conor Grogan: "Great majority of tokens are created by bots"
One guy apparently created 18,000 tokens, making a dozen per hour.
*What this means
For memecoins:
-ICO format returning after years
-$500M validation of platform model
-Institutional money flowing in
For Solana ecosystem:
-Pump.fun dumped $404M SOL in 2025
-Now raising $500M back
-Platform becoming major ecosystem player
*My take
This is peak memecoin casino behavior. $500M for a token that literally helps people make memecoins?
The bot problem is real - 18K tokens from one person shows how automated this is.
But: Market clearly wants exposure to memecoin platform growth vs individual coins.
Reality: Whether you love or hate it, Pump.fun is becoming Solana infrastructure.
$500M in 12 minutes proves demand is there, even if the product is controversial.
Are you buying the platform or staying away from memecoin madness?
