Pump.Fun Debuts with a Bang: $500M Raised in 12 Minutes, Reignites Meme Market Frenzy

Project Introduction: What is Pump.Fun

Figure:https://pump.fun/board

Pump.Fun is a meme project built on Solana and Ethereum, focusing on fair token distribution and decentralized community governance. The project’s philosophy is “Anyone can create a token, everyone can meme,” and it combines a lightweight UI, extremely low gas costs, and strong community consensus. The project has attracted a large number of meme players, Solana users, and airdrop participants.

Public offering boom: Sold out in 12 minutes

Figure:https://x.com/pumpdotfun/status/1944043746292584849

In just 12 minutes, a $500 million quota of tokens was fully subscribed, demonstrating market investors’ confidence in the PUMP token.

Liquidity Analysis and Market Reaction

According to crypto analyst AI Yi, the PUMP team initially added about $4 million in liquidity to the DEX. Notably, the total on-chain liquidity has now surged to $50 million, most of which is provided by retail users, showcasing strong community support and speculative enthusiasm.

The current 24-hour trading volume is 4.09 billion PUMP, reaching 226 million USD in USDT, with extremely high market activity, good trading depth, and prices maintaining a high-level fluctuation pattern.

Figure:https://www.gate.com/trade/PUMP_USDT

PUMP has been launched on Gate’s spot market, the new coin is highly volatile, please trade cautiously and be aware of the risks.

Airdrop Progress and Future Plans

According to the official roadmap, about 24% of the PUMP tokens will be used for community and ecosystem airdrops, and this portion has not yet been fully distributed. This also brings potential supply pressure on the PUMP coin price, and the pace of airdrop releases still needs to be monitored in the short term.

In the future, Pump.Fun will open up more Meme token issuance features and cross-chain support, while introducing a voting governance mechanism to encourage community users to participate in the platform’s development. The long-term value will depend on the activity level of the Meme community and the project’s sustainable development capabilities.