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 bought out in 12 minutes and might 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 out there tokens promoting out inside 12 minutes of the providing.

“We’re delighted to disclose that the $PUMP public sale was in a position to promote out in solely 12 minutes,” Pump.enjoyable stated in a press release. “We want to thank our total neighborhood 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 arms at round $0.006.

“We’d prefer to thank everybody who participated within the sale, whether or not on pump enjoyable or on one of many collaborating exchanges, and we stay up for the very vivid way forward for pump enjoyable and the broader Solana ecosystem,” the workforce stated.

The token, listed below the ticker PUMP, was supplied at $0.004 per unit, representing 12.5% of the full 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 grow to be tradeable as soon as distribution is full, based on challenge bulletins.