Pump.fun Raises $500M in 12 Minutes
Pump.fun's Record-Breaking Token Sale
Pump.fun, a Solana-based memecoin launcher, successfully raised $500 million in a public token sale that lasted just 12 minutes. The sale took place across multiple exchanges, including Bybit, Kraken, and KuCoin, showcasing significant retail investor interest.
This rapid fundraising resulted in a fully diluted valuation of $4 billion for Pump.fun's new utility token, PUMP. A total of 125 billion tokens were sold at a price of $0.004 each.
Token Distribution and Allocation
The ICO sold 33% of PUMP's 1 trillion token supply. Prior to the public sale, 18% had already been allocated through a private sale. The public allocation was initially planned for 15%, but was reduced to 12.5%, selling out within the remarkable 12-minute timeframe.
- 33% Public Sale
- 18% Private Sale
- 20% Team
- 24% Community & Ecosystem Incentives
- 13% Existing Investors
- 2.6% Liquidity
- 2.4% Ecosystem Fund
- Remainder: Foundation Fund & Live Streaming Incentives
Purchased tokens will be distributed to wallets within 48-72 hours. However, they will remain locked until the distribution concludes, preventing immediate trading or transfers. The official Solana contract address is: pumpCmXqMfrsAkQ5r49WcJnRayYRqmXz6ae8H7H9Dfn. Users are urged to be cautious and avoid similar-looking assets.
Pump.fun's Performance and Future Outlook
Despite this successful funding round, Pump.fun has experienced a decline in activity recently. DeFiLlama data shows a decrease in launchpad volume from $11.6 billion in January to $3.65 billion last month. Revenue also dropped from $133 million in January to approximately $34 million last month.
However, its decentralized exchange, PumpSwap (launched in March), is showing strong growth. PumpSwap recorded $14.3 billion in volume in May and $10 billion last month, generating $7 million and $5 million in revenue, respectively.
Note: All figures are sourced from DeFiLlama unless otherwise specified.
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