Summary
- Announced that the entire public sale of 'PUMP' was sold out within 12 minutes.
- Through this sale, about $500 million was raised, and 33% of the total 1 trillion tokens will be allocated for the ICO.
- Industry experts noted this ICO is the largest ever, and predicted that 'PUMP' could become one of the highest-earning tokens.
The public sale of the governance token 'PUMP' by Pump.fun, a Solana (SOL)-based meme coin issuance platform, reportedly ended just 12 minutes after it began.
On the 13th (local time), Pump.fun announced via X (formerly Twitter), "All allocations for the 'PUMP' public sale sold out within just 12 minutes," and added, "Thank you for your support. 'PUMP' will soon enter the distribution stage." Through this public offering, it is reported that 'PUMP' raised approximately $500 million.
Previously, Pump.fun stated that there would be a total issuance of 1 trillion PUMP tokens, of which 33% is allocated for the ICO. Of the ICO allocation, the private sale and public sale respectively account for 18% and 15%, with each token priced at about $0.004.
Hasib Qureshi, Managing Partner at Dragonfly Capital, said, "This is the largest token offering (ICO) ever," and predicted, "'PUMP' will become one of the tokens with the highest earning potential."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![[Exclusive] FSS to examine ZKsync coin that surged '1,000%' in three hours](https://media.bloomingbit.io/PROD/news/1da9856b-df8a-4ffc-83b8-587621c4af9f.webp?w=250)
