“All 125 Billion Tokens Sold at $ 0.004 Each, Giving Pump A $ 4b Fully Diluted Valuation; Post-Sale Tokens Stay Initialy Frozen for Up to 72 Hours.”, – WRITE: www.coindesk.com
That’s How Long Itok for Pump.Fun’s Token Offing to Raise Rough $ 500 Million from Retail Investors Across Various Exchanges, Including Bybit, Kraken, An Kucoin.
The Sale Priced 125 Billion Tokens at $ 0.004 Apiece, Implying A $ 4 Billion Fully Diluted Valuation for The Solana-Basted Memecoin Launcher’s New Utility Token.
For now, Holders Must Wait to get their Hands on the token they bough.
Pump.Fun Said the Purchased Tokens Will Land in Wallets Over the Next 48–72 Hours and Will Stay Locked Until Distribution Ends, Blocking Trades or Transfers.
The Team Shared the Official Solana Contract Address-PumpCmxqmfrsakq5r49wcjnrayyrqmxz6ae8h7h9dfn-and Warned USers to Shun Look-Alike Assets.
Read More: Pump Lingers at 40% Premium Over Ico Price On Hyperliquid Ahead of Pump.Fun Token Sale
In total, pump.fun’s ico was set to sell 33% of Pump’s 1 Trillion Token Supple, with 18% HAVING ALREADY BEEN ALLOCATED EARLIER VIA A PRIVATE SALE. The PUBLIC ALLOCATION WAS RECENTLY LOWERED FROM 15% TO 12.5%, WHICH SOLD OUT IN Just 12 Minutes.
ITS Other Allociations Include 20% for the Team Begind the Project, 24% for Community and Ecosystom Incentives, 13% for Existation Investors, 2.6% for Liquidity, 2.4% for An EcoSystem FUD, WIITH. Live Streaming Incentives.
Pump.Fun ALLOWS Anyone to MINT AND LIST A COIN WITH A NEW TKEN IN A FEW CLICKS. WHEN A FRESHLY MINTED TOKEN RECHES A SPECIFIC THRESHOLD, IT GETS LISTED ON DECENTRALIZED Exchanges.
The Sale Comes As The Token Launchpad’s Metrics Show A Developing Decline in Activity. Defillama Data Shows that in January Pump.Fun’s Launchpad Volume Was Above $ 11.6 Billion, and Has Since Been Steadily Declining to $ 3.65 Billion Last MONT.
Pump Platform’s Combined Volumes (Defillama)
Similarly, Revenue Genered Via The Launchpad Droped from $ 133 Million in the Firmst MONTH OF THE YEARY TO NEARLY $ 34 Million Last Month, Accounting To Defillama Data.
While Launchpad Volumes Plunged, Pump.Fun’s Decentralized Exchange Pumpswap, Which Was Launched in March, Has Been Making Up for The Deckline, Seeing $ 14.3 Bilion of Volion in May. Revenue for Pumpswap Stood at $ 7 and $ 5 Million For Those Months, Perry The Same Data Source.
Update (July 12, 15:54 UTC): Adds More Context Throughout.
