Pump Fun Raises 600 Million in Record Time
The crypto world was stunned this week as Pump Fun raises 600 million in just 12 minutes. The Solana-based platform, known for letting users launch their own memecoins, hit this milestone during a public token sale.
The sale, priced at $0.004 per token, followed a private round where 180 billion tokens were sold. In total, the platform has now raised over $1.32 billion, making this one of the biggest crypto sales ever.
Pump.fun shared the news on X (formerly Twitter), confirming U.S. and U.K. investors were excluded due to regulatory reasons.
How Pump Fun Became a Memecoin Giant
Founded in 2024 by Alon Cohen, Noah Tweedale, and Dylan Kerler, Pump.fun turned into a memecoin factory. The platform lets users easily create and trade joke tokens, many of which are inspired by memes, celebrities, or viral trends.
Since its launch, Pump.fun has generated nearly $800 million in revenue. Despite lacking traditional use cases, memecoins continue to attract traders hunting for quick profits.
Earlier this week, Pump.fun acquired Kolscan, a wallet analytics tool. This new feature will allow users to track top Solana traders in real-time, view live transactions, and even compare profits using leaderboards. The move supports Pump’s goal of making onchain trading more social and gamified.
What’s Next for Pump Fun and Memecoin Trading
The Pump tokens are expected to become tradable 48 to 72 hours after the sale ended, based on the company’s update on July 9.
Meanwhile, Bitget Wallet has launched MemeScan, a new trading app tailored for meme coin traders. It directly integrates with Pump.fun, making it the platform’s first mobile partner.
Despite its success, Pump.fun has faced backlash. Critics pointed to co-founder Cohen’s past statements calling presales “scams.” Tensions rose when Gate.io listed and then delisted the token, citing ongoing discussions with Pump.fun.
Still, Pump.fun is riding high in a market that’s once again embracing meme-fueled innovation. As Pump Fun raises 600 million, it’s clear that the appetite for creative and absurd crypto assets is far from over.
