Pump.fun has completed its ICO sale of PUMP tokens, raising between $500 and $600 million. Token distribution will occur within the next 72 hours.
Rapid Sale of PUMP Tokens
PUMP tokens were sold out in less than 12 minutes at prices of $0.004 each on major exchanges such as Bybit, Kraken, and KuCoin. Pre-market trading saw PUMP prices rise to $0.007 before stabilizing around $0.006.
Impact on Solana Ecosystem
The rapid success of the sale indicates strong market interest and may lead to increased activity within the Solana ecosystem. Changes in liquidity and trading dynamics are anticipated following the token distribution.
Expectations and Next Steps
After distribution, the circulating supply of PUMP will be at approximately 55%. Remaining tokens will be subject to a one-year lock-up. The absence of new regulatory commentary suggests a continued smooth process within existing compliance frameworks.
The launch of Pump.fun’s PUMP tokens marks a significant event for market participants and the Solana ecosystem, highlighting ongoing interest in new cryptocurrency projects.
