12 minutes.
It is how long it took for the offer of pump tokens. Fun to remove around $ 500 million from retail investors in various exchanges, including Bybit, Kraken and Kucoin.
The sale estimated 125 billion tokens at $ 0.004 each, which implies an entirely diluted evaluation of $ 4 billion for the new utility token of the same launcher, based in Solana.
For the moment, the holders must wait to get their hands on the token they have bought.
Pump.fun said that the chips bought will land in wallets in the next 48 to 72 hours and will remain locked until the end of the distribution, blocking transactions or transfers.
The team shared the official address of the Solana contract – POCCMXQMFRSAKQ5R49WCJNRAYYRQMXZ6AE8H7H9DFN – and warned users to avoid assets of Look.
Read more: Pump persists at 40% premium compared to the ICO price on hyperliquid before the pump.
In total, the ICO of Pump.fun had to sell 33% of the tokens supply of 1 pump Billion, 18% having already been allocated earlier via a private sale. The public allowance was recently reduced by 15% to 12.5%, which sold in just 12 minutes.
Its other allowances include 20% for the team behind the project, 24% for community incentives and ecosystems, 13% for existing investors, 2.6% for liquidity, 2.4% for an ecosystem fund, with the remaining incentives for a foundation fund and live streaming incentives.
Pump.fun allows anyone to master and list a room with a new token in a few clicks. When a freshly struck token reaches a specific threshold, it is listed on decentralized exchanges.
The sale comes while the metrics of the token Launchpad show a drop in deepening of the activity. Defillama data show that in January, the Launchpad volume of Pump.
Likewise, the revenues generated via the Launchpad increased from $ 133 million in the first month of the year to almost $ 34 million last month, according to Defillama Data.
While Launchpad Volumes plunged, Pumpralized Exchange Pumpswap, decentralized, which was launched in March, caught up the drop, seeing $ 14.3 billion in volume in May and $ 10 billion last month. Pumpswap’s revenues amounted to $ 7 and $ 5 million for these months, according to the same data source.
UPDATE (July 12, 15:54 UTC):: Add more context throughout.
