Pump.fun Becomes Third Largest ICO, Raises $600M in 12 Minutes

Pump.fun Becomes Third Largest ICO, Raises $600M in 12 Minutes

Solana-based memecoin launchpad Pump.fun raised $600 million in just 12 minutes during the highly anticipated public sale of its PUMP token. The platform’s co-founder Alon Cohen confirmed the numbers to Bloomberg on July 12. The 150 billion tokens sold for $0.004 in the public sale followed the 180 billion tokens sold in a private sale earlier that week, putting the total sale amount at $1.32 billion. “PumpFun just became the 3rd largest ICO in …

Pump.fun suffers steep crash after explosive launch

PUMP, the native token of Solana (SOL)-based meme coin launchpad Pump.fun, has suffered a sharp reversal following its high-profile debut. At press time, PUMP was trading at $0.00570, down 15% over the past 24 hours, making it the largest loser among the 100 largest cryptocurrencies by market capitalization. The token initially surged to a peak of $0.00968 but has since dropped 41%. PUMP one-day price chart. Source: CoinMarketCap Launched on Jul…

$PUMP Token Launched with $5.6B Market Cap after $500M ICO: What Will $SNORT Do?

Pump Fun, the Solana-based meme coin launchpad, recently debuted its own token, $PUMP, which reached a staggering $5.6B market cap on the very first …

Pump.fun PUMP Crypto Launches But Fails to Pump: What’s Going On?

Pump.fun PUMP crypto is selling off despite the successful ICO that raised $600 million in 12 minutes. Whale hedging and overvaluation concerns could slow down recovery. Meme coins fueled Solana’s rise, driving SOL prices to record highs by January 2025. Central to this rally was the spike in on-chain activity, primarily from meme coin trading and launches on the Pump.fun meme coin launchpad. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That C…

Debunked: Pump.fun’s $500M presale funds are not locked - WorldNL Magazine

Rumors are spreading that Pump.fun’s $500 million presale tokens are permanently locked due to the absence of a withdrawal function in its smart contract. Detailed analysis showed these fears are unfounded.Over the weekend, X user camol claimed that the Pump.fun’s $PUMP presale contract lacked a withdrawal function, suggesting that the raised funds were locked forever because the smart contract was immutable.“This effectively means the $500M rai…

Debunked: Pump.fun’s $500M presale funds are not locked

Crypto security firm Hacken has rejected claims that Pump.fun’s $500 million presale tokens are permanently locked due to no withdrawal function in the smart contract.