Pump.fun ICO Frenzy: $500M Raised in Minutes, $4B Valuation Locked In

Pump.fun's public token sale was completed in 12 minutes, with investors quickly purchasing 12.5% of its 1 trillion token supply. The event collected $500 million by selling 125 billion PUMP tokens at $0.004, 12.5% of the 1 trillion token supply.

Pump.fun raised $500 million and sold out in 12 minutes, making it one of the most spectacular token launches of the year. On Saturday, the Solana-based memecoin launchpad launched a public token sale, distributing 125 billion PUMP tokens at $0.004 each, representing 12.5% of the entire 1 trillion supply. PUMP tokens now have a fully diluted value (FDV) of $4 billion after this transaction.

Pump.fun's centralized exchanges—Bybit, KuCoin, Bitget, Kraken, Gate.io, and MEXC—and the token website sold directly to investors during the ICO. According to a dashboard on the official website, $448.5 million worth of PUMP tokens were acquired on the website, $5 million on Gate, $30 million on Kraken, and $16.5 million on KuCoin.

PUMP tokens will be given in 48–72 hours, however transfers will be blocked. After distribution, transfers will begin immediately. However, pre-market action is optimistic.

PUMP may be traded and accessed for US and UK customers first on Monday, July 14. PUMP's pre-listing price on Hyperliquid reached $0.006989 following the transaction. After this high, it dipped but rebounded to $0.006989.

The crypto market is worth $3.63 trillion. TradingView chart
In the comments, the project's sellout post on social networking site X received various reviews. Supporters rejoiced, while some were unimpressed.

One trader established a massive short position on Hyperliquid on $PUMP utilizing 2x leverage and $8 million USDC. The position is $800,000 in the red and nearing liquidation at $0.0085.

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