cpeditor
Pump.fun’s highly anticipated token sale set records on Friday, raking in roughly $500 million from retail investors in just 12 minutes across major exchanges like Bybit, Kraken, and KuCoin.
The offering saw all 125 billion tokens snapped up at $0.004 each, giving the Solana-based memecoin launchpad’s new utility token a fully diluted valuation of $4 billion.
However, buyers will have to wait before they can access or trade their tokens. Pump.fun announced that tokens will be distributed to wallets over the next 48–72 hours and will remain locked until the distribution is complete, preventing any trading or transfers in the meantime.
The team also shared the official Solana contract address—pumpCmXqMfrsAkQ5r49WcJnRayYRqmXz6ae8H7H9Dfn—and urged investors to avoid counterfeit tokens or look-alike assets.
In total, the public offering represented 12.5% of PUMP’s total 1 trillion token supply, slightly reduced from an earlier planned allocation of 15%. Another 18% of tokens had previously been allocated through a private sale.
Other allocations for the PUMP token include 20% reserved for the team, 24% dedicated to community and ecosystem incentives, 13% for existing investors, 2.6% for liquidity, 2.4% for an ecosystem fund, and the remainder allocated to a foundation fund and live streaming incentives.
Pump.fun has become popular for allowing users to easily mint and list new tokens, with automatic listings on decentralized exchanges once specific trading thresholds are met.
Despite the excitement surrounding the token sale, the launchpad platform has been grappling with declining usage. According to DeFiLlama, Pump.fun’s launchpad volume has slid from over $11.6 billion in January to just $3.65 billion last month. Revenue has similarly dropped, falling from $133 million in January to about $34 million in June.
Still, Pump.fun’s decentralized exchange, PumpSwap, which launched in March, has helped offset some of that slowdown. PumpSwap processed $14.3 billion in trading volume in May and another $10 billion last month, generating revenues of $7 million and $5 million, respectively, per DeFiLlama data.
