Memecoin Launchpad pump.Fun has completed one of the fastest sold initial coin offers (ICO) so far.
In a post on the social media platform X, Solana (Solar) -Based platform says That its official native token, pumps, was sold out in just a few minutes during the ICO event on July 12 and generated millions of dollars in sales.
“Pump’s public sales have now quit. We are pleased to reveal that the public pump’s sale could sell out in just 12 minutes. We want to thank our entire society for participating!
All tokens sold via the pump.Fun website and participating cryptout changes will be transferred 48 to 72 hours after the sale. Tokens will be salable and transferable when the protocol announces that the process is complete.
In a previous statement, pump.fun mentioned That 33% of pumps maximum range of 1 trillion will be sold at ICO, 24% are reserved for community and ecosystem initiatives, 20% allocated for the team, 13% for existing investors, 2.4% for the ecosystem fund, 2% for the foundation, 3% for live streaming and 2.6% for La LACIFIING AND 2.6% FOR LACIBETS AND 2,6% FOR LACIBYS.
According to data from Crypto Exchange Gate, public token sales sold 125 billion pumps to 0.004 USDT each, which increased total $ 500 million.
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