Pump.fun’s PUMP token ICO raises $600M in just 12 minutes, sparking meme coin mania with a 1T supply and trading hype across Solana and Hyperliquid.
Pump.fun’s new token, PUMP, completed its initial coin offering (ICO) on July 12, 2025, raising approximately $600 million in under 12 minutes. The offering included 150 billion tokens, representing 15% of the total 1 trillion token supply, priced at $0.004 per token.
The ICO was conducted across selected centralised exchanges and platforms, but excluded users from the US, UK, and EU due to regulatory restrictions. Participants were required to complete KYC verification, with exchanges such as Bybit, KuCoin, and Bitget facilitating access.
Following the ICO, PUMP futures began trading on Hyperliquid, reflecting higher demand in secondary markets. Binance Futures also launched a PUMP/USDT pair ahead of official distribution, offering leveraged exposure.
Pump.fun has stated that the token will be fully unlocked at launch, with trading expected to begin between July 14 and July 18. No vesting schedules were applied to the token distribution.
According to the platform, PUMP will serve as a utility token within its broader ecosystem, with 3% of the total supply allocated to streaming and content-related incentives.
The remaining token allocation includes portions for the team, ecosystem development, liquidity provision, and a project foundation. Pump.fun has indicated that the token will support future community features and content monetisation strategies.
During the sale, some logistical inconsistencies were noted, including temporary listing issues on certain exchanges. The team has not issued detailed public statements regarding these developments.
Pump.fun previously gained attention for enabling the rapid launch of meme coins on the Solana blockchain. The PUMP token represents a shift toward formalising the platform’s role in creator-oriented and community-driven applications.
At the time of writing, the distribution of tokens is ongoing. Market participants are awaiting the start of trading to evaluate price stability and further usage of the token within the pump.fun ecosystem.
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