Pump.fun Managed to Earn $500 Million in 12 Minutes from PUMP! Is This a Record?

Imagine selling something online and making $500 million in just 12 minutes. Sounds impossible, right? But that’s exactly what happened with a new crypto project called Pump.fun.

Let’s break it down in simple words and see how this happened, whether it’s a world record, and what it could mean for the world of cryptocurrency.

What Is Pump.fun?

Pump.fun is a website and platform built on the Solana blockchain. It’s made for launching memecoins, fun and often silly cryptocurrencies based on internet memes or jokes.

Memecoins can become very popular very quickly. People buy them hoping their value will go up fast, just like how Dogecoin or Pepe Coin got famous. Pump.fun helps people create and launch these coins easily.

Read Also: $PUMP Token Public Sale Raises $500 Million in 12 Minutes

What Happened During the ICO?

On a special day, Pump.fun held something called an ICO, which stands for Initial Coin Offering. This is when a company sells new digital coins (also called tokens) to the public for the first time.

During this ICO, Pump.fun sold a new token called PUMP. They offered 125 billion of these tokens for sale. Each token was priced at only $0.004, that’s less than half a penny!

But even though each token was cheap, they sold a huge number of them. In just 12 minutes, they made about $500 million. Some sources even say the amount could be closer to $600 million. That’s a lot of money in a very short time!

Is This the Biggest ICO Ever?

You might be wondering, Is this a new world record? Well, not quite. While $500 million in 12 minutes is incredibly fast and impressive, it’s not the most money ever raised in an ICO. Here are some other big ICOs from the past:

• EOS raised $4.1 billion during its ICO between 2017 and 2018.

• Telegram raised $1.7 billion in 2018, although it later had to give the money back because of legal issues. So, Pump.fun’s ICO is not the biggest ever but it is one of the fastest and largest in recent years.

Why Was It So Fast?

Several reasons helped Pump.fun raise money so quickly:

• Memecoins are popular again: People love jumping into trendy crypto projects, especially ones with fun names and meme energy.

• Solana is fast: The Solana blockchain can handle lots of transactions quickly and cheaply, making it perfect for fast sales like this.

• Easy access: Buyers could easily join the sale online with just a few clicks, especially if they already had a Solana wallet.

Read Also: PUMP Tokenomics: Price, Supply & Key Details

What’s the Total Value of the Project?

If you take the token price and multiply it by the total number of tokens, Pump.fun reached a total project value of around $4 billion. This number is called the “fully diluted valuation.” It means if all the tokens were sold, the project would be worth that much.

Some Concerns About Pump.fun

Even though the sale was fast and huge, there are some issues people are talking about:

• Bots and scams: Some reports say that automated bots made fake tokens or tricked people on the platform.

• Falling revenue: After the big launch, the money coming into Pump.fun’s platform dropped sharply. That makes people wonder if the platform’s success can last.

• Long-term value: Memecoins can rise and fall very quickly. Some experts worry that this project might be a short-term trend instead of something lasting.

What Does This Mean for Crypto?

Pump.fun’s success shows that Initial Coin Offerings (ICOs) are becoming popular again. In the past few years, ICOs had faded after many scams and strict rules. But now, with better tools and faster blockchains like Solana, more people are trying ICOs again.

It also shows that memecoins are still a big part of crypto culture. Even though they might not always have a serious purpose, people are clearly interested—and willing to spend big.

Conclusion

Pump.fun raised $500 million in only 12 minutes. That’s a very fast and large ICO, especially in today’s market. While it’s not the biggest ever, it’s a strong sign that crypto, especially memecoins, is heating up again.

Still, investors should be careful. The fast money, possible scams, and sharp revenue drops show that not everything is perfect. Visit Bitrue blog and as always in crypto, doing your own research is important.

FAQ

What is Pump.fun?

Pump.fun is a Solana-based platform that helps people launch and trade memecoins. It recently became popular after raising $500 million during its ICO.

What is the PUMP token?

The PUMP token is the main token sold during Pump.fun’s Initial Coin Offering. It was sold for $0.004 each.

Is $500 million in 12 minutes a record?

It’s one of the fastest ICOs ever, but not the biggest in total raised. EOS still holds the record at $4.1 billion.

Why are memecoins so popular?

Memecoins are fun, community-driven, and can grow very fast. People often buy them hoping for big gains even if they don’t offer real-world use.

Are there risks with Pump.fun?

Yes. There have been reports of bots, scams, and sudden drops in revenue. Investors should be cautious and do research before joining.

What is a fully diluted valuation?

It’s the total value of all tokens if every single one is sold at the current price. For Pump.fun, that number is around $4 billion.