Memecoin platform Pump.fun raised a staggering $500 million during its token sale, selling out its public allocation in just 12 minutes—far ahead of its scheduled 72-hour window.
The sale offered 12.5% of the total 1 trillion PUMP token supply at $0.004 each.
The offering, which required KYC verification and spanned multiple exchanges, was part of Pump.fun’s bold mission to disrupt social media giants like Facebook, TikTok, and Twitch—by building alternatives on Solana. Despite the rapid sellout, the team hinted at upcoming features, including potential fee rebates, buybacks, and revenue sharing with holders.
Of the total token supply, 33% was allocated for the token offering, with 18% already distributed in a private round and the remaining 15% intended for the public sale—though only 12.5% made it to the market this weekend, according to official details.
Pump.fun’s breakout sale arrives amid intensifying rivalry from LetsBONK, another Solana-based memecoin launchpad, which recently surpassed Pump.fun in trading volume over a seven-day stretch.
Kosta Gushterov
Reporter at Coindoo
Kosta joined the team in 2021 and quickly established himself with his thirst for knowledge, incredible dedication, and analytical thinking. He not only covers a wide range of current topics, but also writes excellent reviews, PR articles, and educational materials. His articles are also quoted by other news agencies.
Source: https://coindoo.com/pump-fun-sells-out-500m-token-offering-in-minutes/