PUMP Token Soars 87% After Fast Solana ICO Sell-Out
PUMP Token sold out its Solana-based ICO in just 12 minutes, distributing 12.5% of the 1 trillion supply at $0.004 each and raising $500 million. The sale drew 23,959 KYC-approved wallets, but only 42.3% secured allocations, with retail buyers mostly under $1 000 and whales accounting for large orders of $100 000–$1 million. On launch day, Pump.fun generated $657 000 in revenue.
Post-ICO, heavy whale buying drove market cap to $2.5 billion and fueled an 87% price surge within 24 hours, briefly hitting $0.10 before settling around $0.0078 and a $1.6 billion valuation. The token recorded $50 million in 24-hour trading volume on Serum and other Solana DEXs, supported by Solana’s low fees, plus a burn mechanism and staking rewards that boosted demand.
Analysts compare PUMP Token’s debut to past memecoin rallies like BONK, warning of high volatility ahead. Traders should monitor liquidity pools, wallet inflows and community activity to gauge momentum and manage risk in this rapidly evolving market.
Bullish
The rapid sell-out of the PUMP Token ICO, combined with strong whale participation and an 87% price surge, indicates robust short-term buying pressure. High trading volume on Serum and burn plus staking incentives support demand, suggesting bullish momentum. However, historical memecoin volatility signals potential pullbacks, so traders should remain vigilant on liquidity and community metrics to navigate possible swings.