Pump.fun Launches ICO, Raises $500 Million Within Minutes
The launch platform of the same Pump.
The pump toland has a maximum power supply of 1 Billion and 33% of the power supply was allocated to ICO. According to the same platform.
On the allocation of ICO to 33%, 18% went to institutional investors and 15% were offered to retail traders. The ICO of Pump.fun can point out the return of the Memecoin sector, which experienced a net slowdown after being one of the most efficient asset classes in 2024.
The sale of public tokens also predicts the resurgence of the initial offers of parts, which collapsed due to the regulatory pressure in the United States during the reign of the former president of the Securities and Exchange Commission (SEC), Gary Gensler.
In relation: Pump.fun buys Kolscan in the first acquisition, gamified eyes trading
Crypto Community expresses mixed reactions to Pump.fun and the sale of tokens
Despite the $ 500 million raised in ICO, the cryptographic community remains divided on the effects of Pump. Fun and even in general, some celebrating the growth of the platform and others arguing that it is a net negative for space.
“Beyond one of the largest ICOs of all time, it will be one of the most profitable tokens in crypto,” said Haseeb Qureshi, director of the Dragonfly Capital Company.
https://www.youtube.com/watch?v=UMUM1BTCRDQ
Mary Bent, founder of Truth for the Commoner (TFTC), replied to Qureshi and said: “Pump.fun and those who support him, even if at the length of the arm, are Pieurs de Pie leading generation Z to ruin.”
Coinbase product manager Conor Grogan said that the “vast majority” of tokens launched on memecoin creation platforms like Pump.fun and competitors like LetsBonk are created by automated robots.
“There is a guy responsible for around 18,000 tokens created on Pumpfun. It seems that they wake up and create, on average, a dozen tokens per hour until they are seizing, then would do it again every day. They do it for months,” wrote the executive in January.
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.
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