12 minutes.
It was how long it took for pump.Fun’s token offer to collect approx. $ 500 million from retail investors across various exchanges, including Bybit, Kraken and Kucoin.
Sales priced 125 billion tokens for $ 0.004 per
Currently, holders have to wait to get their hands on the token they bought.
Pump.Fun said the bought tokens will land in wallets over the next 48-72 hours and will remain locked until distribution ends, blocks trades or transfers.
The team shared the official Solana contract address-pump-cmxqmfrsakq5r49wcjnrayyrqmxz6ae8H7H9DFN-and warned users to reject look-alike assets.
Read more: Pump dwells at 40% Premium over ICO price of Hyperliquid in front of Pump.Fun Token Sale
In total, pump.Funs ICO was set to sell 33% of the pump’s 1 trillion trillion token supply, where 18% had already been awarded earlier through a private sale. The public allocation was recently lowered from 15% to 12.5%, which was sold out in just 12 minutes.
Its other allocations include 20% to the team behind the project, 24% for social and ecosystemincitaments, 13% for existing investors, 2.6% for liquidity, 2.4% for an ecosystem fund, with the remaining for a fund fund and live streaming incentives.
Pump.Fun gives everyone the opportunity to mint and indicate a coin with a new token in a few clicks. When a freshly embossed token reaches a specific threshold, it is listed on decentralized exchanges.
Sales come as Token Launchpads Metrics shows an in -depth fall in the activity. Defillama -Data shows that pump in January pump.Fun’s starting pad -volume was over $ 11.6 billion, and has since steadily dropped to $ 3.65 billion last month.
Similarly, revenue generated via Launchpad dropped from $ 133 million in the first month of the year to almost $ 34 million last month, according to Defillama Data.
While launchpad volumes threw themselves, pump.Fun’s decentralized Exchange Pumpswap, launched in March, has compensated for the decline and seen $ 14.3 billion in May and $ 10 billion last month. Revenue for pumpswap amounted to $ 7 and $ 5 million these months according to the same data source.
Update (July 12, 15:54 UTC): Adding more context everywhere.
