Pump.fun made headlines on Friday, raising an impressive $500 million in its latest public token sale, completed in a blazing 12 minutes across leading exchanges like Bybit, Kraken, and KuCoin.
The sale offered 125 billion tokens at $0.004 each, giving Pump.fun’s new Solana-based utility token a fully diluted valuation of $4 billion.
However, investors eager to trade their new tokens will have to be patient. Pump.fun announced that tokens will be distributed to wallets over the next 48 to 72 hours and will remain locked until then, preventing any early trading or transfers.
The team also shared the official Solana contract address—pumpCmXqMfrsAkQ5r49WcJnRayYRqmXz6ae8H7H9Dfn—to help investors avoid counterfeit tokens or scam contracts.
The public sale accounted for 12.5% of PUMP’s total one trillion token supply, slightly down from the 15% initially planned. Previously, 18% of tokens had already been distributed through a private sale.
The remaining allocation includes 20% for the team, 24% earmarked for community and ecosystem initiatives, 13% for existing investors, 2.6% for liquidity, 2.4% for the ecosystem fund, with the rest set aside for the foundation fund and live streaming incentives.
Pump.fun has carved out a niche as a launchpad that enables users to quickly mint and list new tokens, with automatic listings on decentralized exchanges once certain trading thresholds are met.
Yet, the platform has recently faced a slowdown in activity. Data from DeFiLlama shows its launchpad volume dropped from over $11.6 billion in January to $3.65 billion in June. Likewise, revenue fell from $133 million in January to roughly $34 million last month.
Despite this dip, Pump.fun’s decentralized exchange, PumpSwap—launched in March—has helped keep momentum alive. PumpSwap processed $14.3 billion in trading volume in May and $10 billion in June, generating revenues of $7 million and $5 million, respectively, according to DeFiLlama data.
