Pump.fun's PUMP Token Public Sale Sells Out in 13 Minutes

The public sale of the PUMP token, organized by Pump.fun, concluded in an astonishing 13 minutes. The sale, which began on July 12, 2025, at 14:00 UTC, aimed to raise $600 million by offering 15% of the total token supply at a price of $0.004 per token. This rapid completion underscores the high demand and enthusiasm surrounding the PUMP token, which is part of a broader Initial Coin Offering (ICO) that includes both private and public sales. The private sale accounted for 18% of the total supply, while the public sale made up 15%.

The success of the public sale can be attributed to several factors. Firstly, the platform's acquisition of Kolscan, a SOL-based wallet tracker, just days before the sale, likely boosted investor confidence. Additionally, the support from top exchanges and the platform's revenue model contributed to the hype and quick sell-out. The PUMP token sale was part of a larger ICO that allocated 33% of the total token supply, with 1 trillion $PUMP tokens available for the ICO.

The rapid completion of the public sale also highlights the growing interest in the cryptocurrency market and the potential for high-stakes, quick-action sales. The PUMP token sale is a testament to the platform's ability to generate excitement and attract investors, despite the controversy surrounding meme coins and the broader cryptocurrency market. The success of the sale is likely to have a positive impact on the platform's future developments and its position in the market.