PUMP Token Sells Out in 12 Minutes, Raises $600M
The post PUMP Token Sells Out in 12 Minutes, Raises $600M appeared on BitcoinEthereumNews.com.
PUMP token public sale ended in 12 minutes, raising $600 million. Token unlock expected within 48 to 72 hours. Pump.fun’s fully diluted valuation stands at $4 billion. The public sale for Pump.fun’s PUMP token ended today, July 12, after reaching full capacity within 12 minutes. The project raised $600 million through the sale of 150 billion tokens at a fixed price of $0.004 each. Pump.fun confirmed the completion via an official post on X, noting that the sale concluded shortly after launching at 14:00 UTC. The PUMP token sale opened across several exchanges and launchpads, including Bitget and KuCoin. Buyers from the United States and United Kingdom were excluded due to regulatory restrictions. Despite the access limitations, demand for the tokens surpassed available supply, leading to a swift sellout before the scheduled end date of July 15. Token Unlock to Follow Within Days According to the token release timeline, users who participated in the sale can expect their tokens to unlock within the next 48 to 72 hours. Major platforms involved in the offering have published instructions for accessing and claiming the purchased tokens once distribution begins. Related: PumpFun Battles to Retain Dominance as Solana Launchpad Competition Heats Up The sale structure allocated 15% of the total PUMP supply—1 trillion tokens—to the public round. The remaining supply includes allocations for private investors, liquidity, team members, and ecosystem development. The fast sellout highlights demand for new tokens linked to platforms like Pump.fun. Futures markets priced PUMP above its sale rate before launch. At the time of writing, no live market trading for PUMP has begun. Exchange listings are expected following the token unlock, though no exact dates have been confirmed. Platform Background and Market Context Pump.fun launched in early 2024 as a platform that lets users mint memecoins without coding. It…
