Pump.fun, a popular Solana-based platform enabling fair meme coin launches, has recently announced the completion of the most-awaited ICO. As per Pump.fun, the ICO of the $PUMP token has officially come to an end, with staggering collection of $600M within only twelve minutes. The platform took to social media to share this remarkable development with the community.
$PUMP ICO Results in $600M Collection after 12-Minute Sellout
As per Pump.fun’s announcement, the completion of the $PUMP token’s ICO has resulted in a collection of a stunning $600M in only 12 minutes. The respective sale highlights the growing influence of the Solana-based platform as it has garnered noteworthy attention across the market. In addition to this, the swift ICO sale also points toward the increased investor optimism, significant demand, as well as huge whale participation.
Following this sale, the platform has also announced that the $PUMP tokens are currently entering a distribution phase of 48-72 hours. During this period, these tokens will reportedly remain non-transferable and untradable. Pump.fun also revealed that the user should trust just the “pumpCm…H9Dfn,” which is the official contract address. The platform also cautioned consumers against interacting with any address except this.
Open Transfers and Trading of $PUMP to Start after Official Announcement from Pump.fun
According to Pump.fun, after the completion of the $PUMP tokens’ distribution, it will make an official announcement to start the open transfers and trading. Overall, the 12-minute $PUMP ICO sellout underscores a great victory for Pump.fun. Following that, the next few days will play a critical role in determining the direction of the $PUMP token’s performance.
