0
0
News

Pump.fun Raises $500M in 12 Minutes

The memecoin factory's PUMP token sale sold out instantly amid Solana frenzy.
0
0
Jul 14, 2025 • 1 min read

Pump.fun, the viral Solana-based memecoin launcher, raised a jaw-dropping $500 million in just 12 minutes through a public sale of its PUMP token.

What’s the Scoop?

  • Massive Raise: The project sold 12.5% of its 1T token supply at $0.004, implying a $4B fully diluted valuation.
  • Blistering Demand: Over 10,000 wallets participated, pushing the entire allocation to sell out in under 12 minutes.
  • Platform Ambitions: Pump.Fun aims to evolve from a memecoin launcher into a creator-focused platform with governance and buyback mechanics.
  • Bubble Watch: Critics liken the frenzy to 2017-style ICO mania, citing bot activity and short token life cycles on the platform.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

Published in Bankless

There’s a revolution in the world of money. Ethereum, Bitcoin, crypto, open finance, DeFi—a bankless revolution. And you want part of it.