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Pump.fun, a memecoin launchpad, has made headlines by raising $600 million in just 12 minutes during its ICO, achieving a $4 billion valuation. The rapid sale saw 15% of its token supply snapped up, though U.S. and U.K. investors were excluded due to regulatory concerns. The PUMP token, central to the platform’s ecosystem, will remain untradeable until mid-July.
- Pump.fun's ICO sold 15% of its token supply in 12 minutes, raising $600M and hitting a $4B valuation.
- PUMP tokens are locked until July 15, with 33% of total supply allocated to the ICO and private sales.
- Regulatory restrictions barred U.S. and U.K. investors, while Bybit faced oversubscription due to API delays.
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