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12 minutes.
This is how long it insisted on the token offer to get token token about $ 500 million from retail investors on various stock exchanges, including Bybita, Kraken and Kucoin.
Sales prices for 125 billion tokens for $ 0.004 per piece, which means a fully diluted award for the new Solana utility token based in Solana.
Meanwhile, the holders have to wait until they get to the token they bought.
Pump.Fun said that the purchased tokens would land in money during the next 48-72 hours and remain locked until the distribution ends, blocking shops or transfers.
Team Shared The official address Solana contract-Pumpcmxqmfrsakq5r49wcjnrayyrqmxz6ae8H7H9DFN-A warned users to avoid asset.
Read more: The pump persists at 40% of the ICO prices for hyperliquide before the pump.
In total, ICO pump.Fun was set to sell 33% of the delivery of 1 trillion tokens of the pump, with 18% already allocated through private sales. The public allocation has recently been reduced from 15% to 12.5%, which was sold out in just 12 minutes.
It’s the second allocation Include 20% for the project behind the project, 24% for community and ecosystem incentives, 13% for existing investors, 2.6% for liquidity, 2.4% for the ecosystem fund, remaining for the Endowment Fund and Living Incentives.
Pump.fun allows anyone to mint and list the coin with a new token at several clicks. When a freshly minted token reaches a specific threshold, it will be listed on decentralized exchanges.
Sale comes when the metrics of the token of the launchpad show a deepening decline in activity. Defillama data shows that in January the volume of Launchpad was over $ 11.6 billion in January and has been constantly falling to $ 3.65 billion since last month.
Similarly, revenue generated through Launchpad dropped from $ 133 million in the first month of the year to nearly $ 34 million last month, according to which Defill data.
While the bundles of the launchpad threw themselves, the pumpus.Fun is a decentralized exchange Pumpswapwhich was launched in March, replaced a decline, and saw $ 14.3 billion in May and $ 10 billion last month. PumpSwap revenue was $ 7 and $ 5 million in those months, for the same data source.
UPDATE (July 12, 15:54 UTC): Adds another context in the whole.
