Pump.fun Launches ICO, Raises $500 Million Within Minutes

MEMECOIN LAUNCH PLATHER PUMP.FUN won $ 500 million in the initial coin range (ICO), which sold out in about 12 minutes.

The pump token has a maximum delivery of 1 trillion and 33% of the delivery was ICO assigned. 24% of the offer was assigned an ecosystem and future community projects, while 13% were reserved for existing investors, according to MEMECoin platform.

33% of the ICO assignment went to institutional investors and 15% were offered retail merchants. ICO pump.fun can signal the return of the sector MEMECOIN that experienced a sharp drop after it was one of them Class with the highest power in 2024.

The sale of the public token also represents the revival of the initial offers of coins that set out regulatory pressure in the United States Under the government of the former chairman of the Securities and Stock Exchange Commission (SEC) Gary Gensler.

Related: Pump.fun buys Kolscan in the first acquisition, eyes gamified trading

Crypto community voices mixed reaction to pumping.

Despite $ 500 million, the crypt community remains divided into pump effects. Fun and memecines in general, some of which celebrate the growth of the platform and others claim to be pure negative for space.

“Apart from one of the largest ICOs, it will be one of the highest gross yields in Crypto,” Haseeb Qureshi, Venture Capital control partner Dragonfly, said.

https://www.youtube.com/watch?v=umum1btcrdq

Mary Bent, founder of truth for ordinary (TFTC), responded to Qureshi and said“Pump.fun and those who support it, even if they are on the length of the arm, are the pounds of the gene leading to destruction.”

Coinbase’s Head of Product, Conor Grogan, said “Vast majority” of tokens running on platforms of memecoin formation such as pump.Fun and competitors like Letsbonk are Created by automated robots.

“There is one person responsible for about 18,000 chips created on a pumpfun. They seem to wake up and create an average of about a dozen chips per hour until they go to bed, and then again every day. he wrote in January.

This article does not contain investment counseling or recommendations. Every investment and business step includes a risk and readers should do their own research in decision -making.

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