Pump.fun long -awaited public token sales Ended in just 12 minutes, and investors unbuttoned as much as 12.5% of its 1 trillion token in a quick move. The event accumulated a total of $ 500 million from the sale of 125 billion pumps to $ 0.004, which accounts for 12.5% of the total 1 trillion token supply.
$ 500 million gathered in just 12 minutes
The pump. Fun Ico has officially become one of the most explosive Token launches of the year after collecting $ 500 million and closing its sales in just 12 minutes. The Solaana-based Memecoin Launchpad stunned the Crypto community this Saturday with an explosive public token sales offer that distributed 125 billion pump, which amounts to about 12.5% of the total a trillion supply to $ 0.004. This complete sale gives the pump to a fully diluted valuation (FDV) of $ 4 billion.
Investors participated in ICO by buying directly on the pump. Fun Official token website Or one of the project’s multiple centralized exchanges, which include village bits, kucoin, the bit, the Kraken, Gate.io and Mexc. According to an instrument panel on the official site, $ 448.5 million pumps were purchased on the site on the site, $ 5 million worth at GATE, $ 30 million worth purchased on the Kraken and $ 16.5 million tokens purchased at Kucoin.
Photo From pump.fun
Buyers can expect that the pump will be distributed within the next 48 to 72 hours, but transfers will be temporarily disabled under this window. Transfers are activated immediately after the distribution is completed. Nevertheless, operations before the market suggest a strong ravenous feeling. The rapid sale indicates that Krypton could grow massively during the first commercial sessions after launch, as long as the market is still in its current haus -like state at the time it is launched.
Mixed reactions after fast sales
The earliest that pump can become commercial and accessible to us and the UK users are Monday 14 July. Especially pumps predicted price to as high as $ 0.006989 on Hyperliquid after the sale. Although it dropped by this peak, it has recovered a bit and is now about $ 0.006989.
Particularly, The project’s post of sales On the social media platform, X met with mixed reactions, as shown in the comments. Supporters celebrated the event, but Not everyone was impressed. Some users expressed frustration on exchange issues that prevented them from completing their purchases during the short 12 minute window, while others raised questions about token Distribution Justice, especially given the deviation between 33% supply originally promised for ICO and the 12.5% who were finally offered in public sales.
Photo From pump.fun
A trader reportedly opened one Huge short position on hyperliquid of $ pump with 2x leverage with $ 8 million in USDC. The position is already about $ 800,000 in red and is approaching steady liquidation to $ 0.0085.
Image from Unsplash, charts from TradingView
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