The $500 million ICO of pump.fun (PUMP) was "sold out" in just 13 minutes, with 125 billion PUMP tokens sold at a fixed price of $0.004/PUMP. This has raised the valuation of PUMP to $4 billion ¹.

This sale took place on multiple exchanges, including Bybit, Kraken, KuCoin, Bitget, Gate, and MEXC, and allowed users to participate using USDT, USDC, SOL, and bbSOL ¹.

The total supply of PUMP tokens is 1 trillion tokens, with 33% of that sold through the ICO, 18% through private sale, and 15% through public sale. However, at the time of the sale, the pump.fun website adjusted this ratio down to 12.5% ¹.

Pump.fun has become one of the most widely used memecoin issuance protocols on the Solana network, with nearly 11 million memecoins created and total revenue exceeding $700 million ².