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Polymarket Odds Slip as Pump.fun ICO Faces Doubts Over First-Hour Sellout


by Anisha Pandey
for CoinEdition
Polymarket Data Shows Fading Confidence in Pump.fun's Token Launch
  • Polymarket odds of Pump.fun’s ICO selling out in the first hour have dropped to 38%.
  • Pump.fun aims to raise $1.3 billion through the sale of 330 billion PUMP tokens at $0.004 each.
  • The token sale ends on July 15 or once all tokens are sold, with trading expected 48–72 hours after.

The hype around Pump.fun’s upcoming ICO may not be translating into full market confidence, as the decentralized prediction market Polymarket shows the probability of the ICO selling out within its first hour has slipped from 41% to 38% just days ahead of the July 12 launch. 

This dip suggests growing skepticism about the project’s ability to sustain momentum, despite its enormous $1.3 billion fundraising goal.

The $1.3 Billion Token Sale

Pump.fun, the Solana-based meme coin generator, is aiming to sell 330 billion PUMP tokens at $0.004 apiece. That’s 33% of its …

The post Polymarket Odds Slip as Pump.fun ICO Faces Doubts Over First-Hour Sellout appeared first on Coin Edition.

Read the article at CoinEdition

Read More

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Polymarket Odds Slip as Pump.fun ICO Faces Doubts Over First-Hour Sellout


by Anisha Pandey
for CoinEdition
Polymarket Data Shows Fading Confidence in Pump.fun's Token Launch
  • Polymarket odds of Pump.fun’s ICO selling out in the first hour have dropped to 38%.
  • Pump.fun aims to raise $1.3 billion through the sale of 330 billion PUMP tokens at $0.004 each.
  • The token sale ends on July 15 or once all tokens are sold, with trading expected 48–72 hours after.

The hype around Pump.fun’s upcoming ICO may not be translating into full market confidence, as the decentralized prediction market Polymarket shows the probability of the ICO selling out within its first hour has slipped from 41% to 38% just days ahead of the July 12 launch. 

This dip suggests growing skepticism about the project’s ability to sustain momentum, despite its enormous $1.3 billion fundraising goal.

The $1.3 Billion Token Sale

Pump.fun, the Solana-based meme coin generator, is aiming to sell 330 billion PUMP tokens at $0.004 apiece. That’s 33% of its …

The post Polymarket Odds Slip as Pump.fun ICO Faces Doubts Over First-Hour Sellout appeared first on Coin Edition.

Read the article at CoinEdition

Read More

PUMP Token’s Perpetual Futures Trade Explodes with $346M in Volume Pre-Launch

PUMP Token’s Perpetual Futures Trade Explodes with $346M in Volume Pre-Launch

Even before its official launch, the new PUMP token from the memecoin platform Pump.f...
Pudgy Penguins (PENGU) Skyrockets as Justin Sun Joins the Huddle

Pudgy Penguins (PENGU) Skyrockets as Justin Sun Joins the Huddle

Pudgy Penguins (PENGU) is among the top gainers today, rising by double-digit gains o...