BCGAME - Free 5BTC Daily Bonus!- PUMP token sale raises $600 million
- Memecoins gain momentum with Pump.fun vs. LetsBONK dispute
- PUMP tokens sell out within 12 minutes of release
Pump.fun, a platform known for facilitating the launch of memecoins, raised $600 million in just 12 minutes with the public sale of its native token, PUMP. The amount was raised after 15% of the total supply of 1 trillion tokens was made available at a unit price of $0,004.
The launch exceeded expectations, quickly selling out the stock, which was expected to remain available for up to 72 hours. The sale was open on several exchanges and limited to users who passed KYC checks.
the $PUMP The public sale has now ended.
we are delighted to reveal that the $PUMP public sale was able to sell out in just 12 minutes.
we would like to thank our entire community for participating!
the $PUMP tokens will now enter the distribution phase 👇🏻 pic.twitter.com/uqhQwRkL4f
— pump.fun (@pumpdotfun) July 12, 2025
According to the Pump.fun team, the project's goal is ambitious: "To kill Facebook, TikTok, and Twitch... on Solana." The platform is also exploring utility mechanisms for the token, such as buybacks, incentives, and fee discounts, as well as the possibility of sharing protocol revenue with holders.
Of the 33% of the total supply reserved for the initial offering, 18% had already been allocated in a private sale. Although the platform's website initially indicated that only 12,5% would be available to the public, co-founder Alon Cohen clarified that 15% was offered, resulting in a $600 million raise.
Bybit, one of the exchanges participating in the distribution, experienced instabilities due to API delays during the process. The company confirmed that unallocated users will have their funds fully refunded.
