Pumpfun Raises $500M in 12 Minutes as PUMP Tokens Sell Out

- $500 million raised in public token sale on July 12, 2025. - Entire token allocation sold out in 12 minutes, highlighting strong memecoin demand. On July 12, 2025, The Block reported that the memecoin launchpad Pump.fun raised $500 million in a public sale for its PUMP tokens (UTC). During the sale, which offered 12.5% of the total 1 trillion PUMP token supply for $0.004 per token, the entire allocation sold out in only 12 minutes, demonstrating overwhelming interest in the platform’s offering. The public sale was part of a larger initial coin offering (ICO) that allocated 33% of the total token supply, which included the 18% previously sold in a private round. In relation to the ICO, Pump.fun stated its goal is to disrupt major global social media platforms like Facebook, TikTok, and Twitch with its blockchain-enabled solutions. Pump.fun sold the tokens on multiple cryptocurrency exchanges, including Bybit, Kraken, and KuCoin; however, due to regulatory constraints, the company excluded investors from the United States and the United Kingdom from participating. Following the sale, Pump.fun announced potential uses for PUMP, such as fee rebates and a possible token buyback program. Although the company is also discussing sharing protocol revenue with token holders, it has not yet finalized any plans. In pre-market trading, the PUMP token surged to $0.007 before stabilizing at approximately $0.006. Pump.fun will distribute the purchased tokens within 48 to 72 hours, at which point trading is scheduled to officially begin. Pump.fun’s record-breaking token sale highlights intensifying competition in the memecoin market. Meanwhile, rival platform LetsBONK, also built on the Solana blockchain, has been steadily growing its presence in the same segment. According to Market Survey data, as of 18:09 UTC on July 12, Bonk (BONK) was trading at $0, with a 9.38% change in 24-hour volume.