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Dump.fun closed his public sale token 12. July 12 minutes after he started. The community had mixed responses to the whole event, some of them called it revolutionary, while others were called Clift.
Memecoin Platform for creation. Fun [PUMP] 12th July completed the sale of a public token of $ 500 million.
The sale of 150 billion tokens was set to 72 hours on the pump. Fun and six centralized exchanges, but everything was sold out in an hour.
AND Post to x read,
“The $ Pump Public sale has now ended. We are pleased to reveal $ Pump Public sales could be sold out in just 12 minutes. We would like to thank our whole community for participation! ”
All tokens sold on a pump.Fun or participating stock exchange would be transferred to participants in the next 48-72 hours, notification read.
During this distribution phase, the transfers were drawn temporarily impatient and unsurpassed.
Source: Pump.fun on x
The total offer is 1 trillion tokens, with 33% of the offer was assigned ICO. Within 33%, 18% were earmarked for institutional investors in private sales and 15% for retail in public sales.
The ICO pump for $ 0.004 for the token and the sale was made via Byit, Kraken, Bitget, Mexc, Kucoin and Gate. Noted bybit that EU customers would be forbidden to participate in ICO.
The sale of a full 33% would bring a total return to $ 1.32 billion. In July, 50% of the total offer would be unlockedWhich would spread to 70%by mid 2026.
A shopping opportunity or a nonsensical bait?
ICO had mixed reactions from the crypt community. Haseb Qureshi, a control partner at Venture Capital, Dragonfly, Wagon that like,
“One of the highest income tokens in the crypto.”
However, in response, Mary Bent, founder “Truth for ordinary”, said,
“Pump.fun.” And those who support it (albeit on the length of the arm) are the Pied Pipers leading gene to destruction. ”
Were there reputation AirDrops for early pump users, but there were no confirmed messages at the time of printing.
There was also criticism Tokenomics. Airdrops, which “came soon”, also attracted users and little to clarify the topic.
The the fastest growing society in history reached key milestones in record time. Her critics claimed that meaningful high price with a high price.
The bull argument for the pump was that 25% of considerable income This pump. Fun created would be earmarked to purchase back pump tokens. This could put pressure on the price.
The product manager in Coinbase, Conor Grogan, noted that the upper pump accounts. Fun launches a new token every three minutes on average. Also established,
“The vast majority of chips were launched on the pumpfun and Letsbonk is now operated by robots.”
The 12 -minute completion of the pump sales was impressive. Investors and traders have to buy a pump or stay far from the token and risky memecoin with little capitalization before they decide whether they want to buy a pump or stay far from the token and risky memecoin.
