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Solana-based memecoin platform Pump.fun is gearing up for a historic $1.32 billion token sale, potentially ranking as the third-largest crypto fundraising event ever. The PUMP token launch on July 12 has already sparked massive pre-market interest, but whales are betting against its long-term success.
- Pump.fun's $1.32B token sale could rank as the third-largest in crypto history, behind FTX ($1.75B) and EOS ($4.26B).
- Pre-market trading for PUMP surged 300%, but whales are shorting it via Hyperliquid, predicting a post-ICO crash.
- The token has no vesting period, with 33% of its 1T supply allocated to ICO (18% private, 15% public).
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