Pump.fun Raises $500,000,000 After Initial Coin Offering Sells Out in Just 12 Minutes

  • The memecoin launchpad Pump.fun has completed one of the fastest-selling initial coin offerings (ICOs) to date. In a post on the social media platform X, the Solana (SOL)-based platform says that its official native token, PUMP, sold out in just minutes during the ICO event on July 12th, generating millions of dollars in sales.