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The Solana-based PUMP token launched with a staggering $5.6 billion fully diluted valuation (FDV) but saw a 7.3% drop within its first three hours of trading. Despite the dip, the token recorded $34.1 million in on-chain transactions, with buy activity slightly outpacing sales. The rapid ICO raised $500 million in just 12 minutes, marking one of the fastest capital raises in crypto history.
- PUMP token’s ICO raised $500 million in 12 minutes, one of the fastest capital raises in crypto history.
- Whales dominated investment amounts (202 wallets hit $1M cap), though small holders were more numerous.
- Pump.fun enforced KYC and excluded US/UK residents, positioning the launch as a compliant memecoin alternative.
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