Pump.fun secures $500M in public sale; PUMP token jumps in pre-market trading

Key Takeaways

Pump.enjoyable raised $500 million in a public sale by promoting 12.5% of the PUMP token provide.
PUMP tokens offered out in 12 minutes and will probably be distributed to patrons inside 48-72 hours.

Meme coin creation platform Pump.enjoyable accomplished a $500 million public token sale on Saturday, with all obtainable tokens promoting out inside 12 minutes of the providing.

“We’re delighted to disclose that the $PUMP public sale was capable of promote out in solely 12 minutes,” Pump.enjoyable mentioned in a press release. “We want to thank our whole group for collaborating!”

The PUMP token surged in pre-market buying and selling on Hyperliquid inside seconds of the token sale, reaching $0.007. On the time of reporting, PUMP modified fingers at round $0.006.

“We’d wish to thank everybody who participated within the sale, whether or not on pump enjoyable or on one of many collaborating exchanges, and we look ahead to the very brilliant way forward for pump enjoyable and the broader Solana ecosystem,” the group mentioned.

The token, listed below the ticker PUMP, was supplied at $0.004 per unit, representing 12.5% of the whole 1 trillion provide.

Token patrons will obtain their PUMP tokens inside 48-72 hours, with transfers briefly disabled throughout the distribution section. The tokens will change into tradeable as soon as distribution is full, based on venture bulletins.