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Memecoin Platform Pump.fun Raises $600 Million Within 12 Minutes

Summary by Bloomberg
In another sign of the ongoing popularity of memecoins, a platform that lets people create their own highly-speculative tokens raised $600 million within 12 minutes on Saturday.

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Pump.fun has just completed one of the biggest ICOs of all time. Its PUMP tokens were sold in just 12 minutes, with massive demand generating setbacks for users in exchanges such as Bybit and Kraken. *** Pump.fun's ICO was sold out in record time: $600 million raised in 12 minutes. 150 billion of its PUMP tokens were sold to public investors at $0.004 each. The massive demand generated setbacks for users in exchanges such as Bybit and Kraken. PU…

That went fast: only 12 minutes took the pump.fun-ICO, for 500 million US dollars the tokens went away. But the criticism of the Memecoin platform does not tear off. Source: BTC-ECHO BTC-ECHO

Saturday, Pump.fun has sold 600 million dollars of PUMP tokens in just 12 minutes. Back on this historic Initial Coin Offering (ICO). The article Pump.fun raises 600 million dollars in only 12 minutes appeared first on Cryptoast.

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TokenPost broke the news in on Saturday, July 12, 2025.
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