Memecoin platform Pump.fun raises $600 million in 12 minutes

In a week when Bitcoin together A fresh record, the cryptographic crowd reminded everyone that she always had a good taste for absurd and irreverent parts without zero utility.

Saturday, Pump.fun – A platform based in Solana which allows users to create their own personalized same – made $ 600 million in jaw in just 12 minutes during a sale of public token, according to has Bloomberg. This figure brings the total increase in the platform to $ 1.32 billion, after having already unloaded 180 billion tokens to private investors at the same price of $ 0.004 per intervention.

The sale ranks among the largest offers of initial parts (ICO) in the history of cryptography.

Pump.fun announced the agreement on X (formerly Twitter) on July 9, while adding that investors in the United States and the United Kingdom were not eligible-to avoid regulatory drama, despite the mercy of the White House towards the industry and President Donald Trump Donald Trump participation with the same.

Founded in 2024 by Alon Cohen, Noah Tweedale and Dylan Kerler, Pump.fun has become a factory and memecoin income machine. The platform would have generated nearly $ 800 million in revenues since its launch by allowing retail merchants to turn and exchange jokes on a whim.

Samecoins – often thematic crypto tokens around memes, famous people or the Internet inside jokes – continued to attract speculative species despite their often limited utility and their tendency to drop in prices. Trump’s official play (ASSET)For example, recently exchanged near Bas annual.

The meteoric increase in Pump. Fun occurs in the middle of a broader renewal of ICO style fundraising, which had been largely demonstrated from the 2018 bubble and the Commission for Securities and Exchanges that followed under the former President of the SEC, Gary Gensler.

Today is a different scenario. Trump’s current administration is all in Crypto (a treasure, coins, stablecoins) and the pump.

Earlier this week, the startup completed Its first acquisition, taking a Kolscan portfolio analysis tool. The agreement brings real -time monitoring of the best onchain traders – also known as key opinion leaders (Kols) – in the suite of PUMP tools.

Kolscan offers information at the portfolio level, follow -up of live transactions and a classification that classifies Solana traders by profit and loss. Pump.fun plans to integrate these features to create “completely new experiences” for users and improve social gamified trading.

The co-founder Cohen confirmed that Kolscan has developed this decision as part of a broader vision: “Onchain trading is a social sport.”

Also, Bitget Wallet recently spear Meanscan, a mobile trading application focused on mobile designed for traders of coins with high volume and at an early stage. Designed with advanced users in mind, Meseccan integrates directly into Pump.

For the moment, the pumping tokens should become exchangeable from 48 to 72 hours after the end of the sale, according to the update of the company on July 9 on X.

The decision to hold a sale of tokens did not come without criticism. Cohen previously called “scams” of presales, a position that some in the community now consider to be contradictory. Another controversy followed when Gate.io briefly listed the pump for trading before the market, then scraped He and reimbursed users, citing in progress negotiations with Pump.fun.