The public sale of Pump.fun’s PUMP tokens has just concluded, and the results were impressive. What was expected to last up to 72 hours sold out in just 12 minutes.
Sale Details
The $PUMP token is the native token of Pump.fun, a Solana-based platform designed for the quick and easy launch of memecoins. During the sale, 150 billion PUMP tokens were made available, which is about 15% of the total maximum supply of 1 trillion tokens. Each token was sold at a fixed price of $0.004, raising approximately $500 to $600 million. This puts its fully diluted valuation close to $4 billion.
PUMP Price Outlook
Following its successful launch, the PUMP/USDT price has settled just below $0.0066. After initial strong upward movement, the price is now hovering near recent highs. The RSI sits around 66, indicating a slight cooldown after being overbought. It is crucial for the price to hold above the $0.0063–$0.0064 range to signal another attempt at the $0.0070 level.
Conclusion on Launch Results
Currently, PUMP is holding steady after its strong debut. If the token can maintain its support and keep trading volume healthy, it may continue to attract the interest of traders for further growth.
The launch of PUMP has been a significant event in the cryptocurrency market, and its future will depend on the token's ability to maintain support and continue engaging traders.
