The pre-sale of the PUMP token from the Pump.fun project, which recently concluded, attracted significant attention from investors, raising an impressive amount of $500 million. According to PA News, 10,145 wallets participated in the campaign.
Participation in the Pre-sale
A total of 23,959 wallets registered for the PUMP token pre-sale, with 10,145 completing the KYC process and able to participate in the purchase. The participation rate was recorded at 42.3%. Among the investors, various groups could be identified, including 5,758 wallets that purchased tokens in amounts less than $1,000 and 202 addresses that reached the maximum cap of $1 million.
Financial Results and Sale Structure
The PUMP token pre-sale concluded with substantial engagement, raising $500 million. Notably, 89.7% of all sales were attributed to website pre-sales, while the remaining portion was directed through centralized exchanges. This structure reflects growing preferences towards decentralized finance for token launches.
Market Potential and Future Growth
According to CoinMarketCap, the market capitalization of Pump.fun (PUMP) reached $1.51 billion, with the current token price at $0.01; it experienced a 5.91% drop in the short term, while appreciating by 17.15% over the past 90 days. The fully diluted market cap stands at $7.35 billion. Coincu's research suggests that the significant allocations to 202 wallets may influence token decentralization and its future prospects.
Overall, the successful PUMP pre-sale demonstrated high investor interest and confirmed growing trends in decentralized finance within the cryptocurrency world.
