PUMP of the Pump.fun platform officially traded on July 14 with a fully diluted valuation (FDV) of about 5.7 billion USD, according to Coingecko. The token price increased by 40% compared to the ICO sale price.
Currently, the token is trading around 0.005702 USD, corresponding to a market capitalization of about 2 billion USD. The liquidity volume reached 859 million USD.
Record fundraising in just 12 minutes
This listing was launched after Pump.fun held a public sale on July 12, which lasted only 12 minutes but raised 500 million USD, distributing 125 billion PUMP tokens at a price of 0.004 USD/token.
Tokens are sold through the Pump.fun website and four centralized exchanges (CEX), marking one of the fastest fundraising ICOs in history.
According to aggregated data from Dune, there are 23,959 wallets that have completed the identity verification process (KYC), but only 42.3% of them have received tokens. This shows a high level of competition and an extremely short distribution time.
Whales dominate the amount of money, but small investors overwhelm in quantity
The average amount spent by each investor is 44,209 USD, while the median is only around 550 USD, reflecting a large disparity between whales and small investors. Specifically, there are 202 wallets hitting the investment limit of 1 million USD, while up to 5,758 wallets have invested less than 1,000 USD.
Token allocation structure and user engagement strategy
According to information released by Pump.fun, the total supply of PUMP is allocated as follows:
33% for ICO
24% for the community and ecosystem
20% for the founding team
13% for existing investors
3% allocated for the livestream budget
2.6% as liquidity and listing rewards
2.4% for the ecosystem fund
2% for non-profit organizations
About 76% of the tokens were sold directly through the Pump.fun platform, while the remaining were handled by partner exchanges. The development team stated that this approach aims to enhance direct connectivity with users while limiting the role of intermediaries.
Additionally, Pump.fun requires mandatory identity verification for all participants and excludes residents of the US and the UK, to ensure legal compliance – a significant differentiation from many previous memecoin launches, according to sharing from Adam Tehc – a member of the Dune community.
Exchanges like Binance Futures and Coinbase have also recently announced plans to list PUMP on their platforms, further enhancing liquidity.