Pump.fun captured the spotlight on Friday after raising an impressive $500 million during its latest public token sale, which sold out in just 12 minutes across top exchanges like Bybit, Kraken, and KuCoin.
The sale offered 125 billion tokens at $0.004 each, valuing the Solana-based memecoin launchpad’s new utility token at a fully diluted market cap of $4 billion.
Despite the rapid sell-out, investors will need to wait before trading can begin. Pump.fun announced that tokens will be distributed to wallets over the next 48 to 72 hours and will remain locked until the process is complete to prevent any premature trading or transfers.
To help protect investors, the team published the official Solana contract address—pumpCmXqMfrsAkQ5r49WcJnRayYRqmXz6ae8H7H9Dfn—and cautioned users to watch out for counterfeit tokens or scam contracts.
The public sale accounted for 12.5% of PUMP’s total supply of one trillion tokens, slightly less than the initial plan of 15%. An additional 18% of tokens had already been allocated through a private sale.
The remaining token supply is divided as follows: 20% reserved for the team, 24% allocated for community and ecosystem incentives, 13% designated for existing investors, 2.6% set aside for liquidity, 2.4% earmarked for an ecosystem fund, and the balance allocated to a foundation fund and live streaming incentives.
Pump.fun has gained popularity for making token launches fast and accessible, allowing users to mint and list new tokens that automatically appear on decentralized exchanges once certain trading thresholds are reached.
Yet the platform has faced declining activity in recent months. Data from DeFiLlama shows launchpad volume dropping from over $11.6 billion in January to $3.65 billion in June. Revenue has followed the same path, falling from $133 million in January to roughly $34 million last month.
However, Pump.fun’s decentralized exchange, PumpSwap—which launched in March—has helped offset some of that slowdown. PumpSwap saw $14.3 billion in trading volume in May and another $10 billion in June, generating revenues of $7 million and $5 million, respectively, per DeFiLlama data.
