Pump.fun Secures $500 Million in Token Sale, Establishes $4 Billion Valuation
Finance/Markets

Pump.fun Secures $500 Million in Token Sale, Establishes $4 Billion Valuation

Pump.fun's recent token offering achieved remarkable success, raising $500 million in just 12 minutes and attracting substantial interest from retail investors.

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Key Highlights:

  • Pump.fun’s token sale attracted $500 million raised in just 12 minutes from enthusiastic retail investors.
  • A total of 125 billion tokens were sold at a price of $0.004 each, achieving a $4 billion valuation.
  • The purchased tokens are set to be distributed to wallets within 48-72 hours but will remain locked until this distribution is concluded.

Details of the Sale:

This rapid fundraising success occurred across several exchanges, including Bybit, Kraken, and KuCoin. The priced tokens have temporarily locked trading capabilities to prevent movement before the distribution is complete.

Pump.fun shared their official Solana contract here and urged buyers to watch out for counterfeit tokens.

In a broader context, the ICO aims to sell 33% of the 1 trillion token supply, with earlier sales establishing a foundation that will support its further decentralized exchange offerings.

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