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Pump.fun Raises $500,000,000 After Initial Coin Offering Sells Out in Just 12 Minutes

by Catatonic Times
July 14, 2025
in Altcoin
Reading Time: 2 mins read
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The memecoin launchpad Pump.enjoyable has accomplished one of many fastest-selling preliminary coin choices (ICOs) thus far.

In a submit on the social media platform X, the Solana (SOL)-based platform says that its official native token, PUMP, bought out in simply minutes through the ICO occasion on July twelfth, producing tens of millions of {dollars} in gross sales.

“The PUMP public sale has now ended. We’re delighted to disclose that the PUMP public sale was in a position to promote out in solely 12 minutes. We wish to thank our whole neighborhood for collaborating! The PUMP tokens will now enter the distribution section.”

All of the tokens that had been bought by the Pump.enjoyable web site and collaborating crypto exchanges will likely be transferred 48 to 72 hours after the sale. The tokens will turn into tradable and transferable as soon as the protocol publicizes that the method is accomplished. 

In an earlier assertion, Pump.enjoyable mentioned that 33% of PUMP’s most provide of 1 trillion will likely be bought within the ICO, 24% is reserved for neighborhood and ecosystem initiatives, 20% is allotted for the staff, 13% for the present traders, 2.4% for the ecosystem fund, 2% for the muse, 3% for livestreaming and a pair of.6% for liquidity and exchanges.

Supply: Pump.enjoyable/X

In line with information from the crypto alternate Gate, the general public token sale bought 125 billion PUMP at 0.004 USDT every, elevating a complete of $500 million.

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