๐จ Pump.fun Raises $500M in 12 Minutes โ But Not Without Questions ๐ฐ๐ฅ
The meme coin launchpad Pump.fun just wrapped up one of the fastest ICOs in crypto history โ raising $500 million in just 12 minutes. ๐
But not everything adds up.
๐น Pump.fun initially promised to sell 15% of its PUMP token supply to the publicโฆ yet only 12.5% was actually sold.
๐น No official explanation has been given about what happened to the remaining 2.5%.
๐น Tokens from the private sale (18%) have already been allocated.
๐น Public sale tokens will be distributed within 72 hours, with trading only possible once distribution is complete.
๐ฌ The crypto community is now speculating: was this a strategic shift or a transparency issue?
To add to the drama, Gate.io removed its pre-market PUMP listing just one day before the ICO โ after a โdiscussionโ with Pump.funโs team.
Regardless, the ICO is done. The question now is: whatโs next for PUMP and the Solana ecosystem?
