The post Pump.fun Raises $500 Million in Minutes in PUMP Token Sale appeared on BitcoinEthereumNews.com.

Crypto project Pump.fun completed its public sale of the PUMP token on 12 July, raising an estimated $500 million to $600 million within minutes of opening, according to figures circulated by participants in the offering. The sale, which valued the fledgling project at roughly $4 billion, was oversubscribed almost immediately after the 14:00 UTC launch. Data shared by market watchers show that about $448 million of the proceeds came from purchases conducted on-chain via the Solana network, while only about $52 million was processed through centralized exchanges. Ahead of the sale, PUMP token contracts were quoted at an implied market capitalization exceeding $6 billion on the Hyperliquid derivatives platform, highlighting brisk speculative interest. Pump.fun said all purchased tokens will be distributed over the next 48 to 72 hours and will remain untradable and non-transferable during that period. The company has not yet announced when secondary trading will begin. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz. Source: https://thedefiant.io/news/markets/pump-fun-raises-500-million-minutes-pump-token-sale-fc226b29

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Filed under: News - @ July 12, 2025 9:17 pm