The closely monitored IPO of pump tokens in the cryptocurrency world concluded. According to a statement from the PumpFun team, the sale, which was completed in 12 minutes, raised a total of $500 million. However, this figure did not reach the previously announced $600 million target.
According to information on Pumpfun’s official website, 12.5% of the total token supply was sold through public sales. This represents the $100 million difference between the previously announced 15% sales plan and the $600 million target. The team has not yet publicly stated the reasons for this difference.
The highlights of the sale were:
- Selling price: $0.004
- Pre-market trading price: ~$0.0056
According to on-chain data, 203 different wallets joined the ICO using a maximum investment limit of $1 million. Of these, 201 is paid in USDC and 2 is paid in USDT. These total participating wallets accounted for 40% of the funds.
The following statement was prepared by the pump development team.
Public pump sales have ended. We are pleased to announce that the sale was completed in just 12 minutes. Thank you to all the community members who participated. The token distribution process begins within the next 48-72 hours. The token is not tradable or transferable during this period. Once distribution is complete, they will become tradeable and another announcement will be made regarding this.
*This is not investment advice.
