In another sign of the continuous popularity of memecoins, a platform that allows people to create their own highly speculative tokens raised $ 600 million in 12 minutes on Saturday (12).
The so -called initial pump.fun currency offer is among the largest of all time and occurs one day after the largest cryptocurrency and market reference, Bitcoin, reaching a new record.
The blockchain Solana -based platform said in an X -ranked 9th publication that it planned to sell 150 billion of its tokens at $ 0.004 each, and that had already sold a block of 180 billion tokens for the same price for private investors.
Public sale
Pump.Fun co -founder Alon Cohen confirmed to Bloomberg News that the public sale raised $ 600 million, raising the total sale to $ 1.32 billion. The platform reported that US and UK investors were not eligible to buy the tokens.
The Pump.Fun platform has been one of the biggest drivers of the explosive growth of memecoins and the consequent increase in activity in Blockchain Solana last year. Retail investors and professionals have invested billions of dollars in the sector, and their search for rapid profits generated a profitable rate flow for Pump.Fun founders. Founders Cohen, Noah Tweedale and Dylan Kerler launched the platform in 2024.
