Pump.fun Completes Its ICO With $500M Raised: Here Are Key Details
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- Pump.fun intends to distribute the tokens to the new owners in 2-3 days.
- The PUMP ICO was heavily oversubscribed with the tokens sold out in 12 minutes.
- On-chain data analysis shows that the top 340 wallets purchased 60% of the ICO sales.
Pump.fun, the oldest and most successful memecoin launchpad on the Solana (SOL) network, completed its oversubscribed initial coin offering (ICO) over the weekend in 12 minutes. The highly decorated launchpad sold 12.5% of PUMP’s token maximum supply, thus raising $500 million at a valuation of around $4 billion.
The Pump.fun ICO was facilitated through its official website, $448.5 million, in addition to several cryptocurrency exchanges. Notably, crypto investors purchased $30 million worth of PUMP tokens through Kraken, $16.5 million via KuCoin, and $5 million via Gate.io.
Meanwhile, the Pump.fun team plans to distribute the PUMP tokens to the new owners in the next three days. Currently, the PUMP tokens are not tradeable and transferable, with the features expected to be available after the distribution phase.
Related: Pump.fun (PUMP) Price Prediction for July 14, 2025: Wild Reversal Follows Historic $600M ICO F…
The post Pump.fun Completes Its ICO With $500M Raised: Here Are Key Details appeared first on Coin Edition.
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