10K Wallets Dived into PUMP ICO, Spending $44K Each! 🚀💰

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So, there’s this little thing called Pump.fun, a decentralized crypto launchpad on the Solana network, which finally decided to grace us with the presence of its long-awaited token in an Initial Coin Offering (ICO). 🎉

Now, you might think, “What’s the big deal?” Well, the big deal is that this $500 million sale was sold out in a mere 12 minutes. Yes, you read that right—12 minutes! The ICO launched on July 12 at 14:00 UTC, and it was like Black Friday, but for crypto enthusiasts. 🛍️

But here’s the kicker: 23,959 unique wallets went through the know-your-customer (KYC) process to get a piece of the action. According to Adam Tehc’s Dune dashboard, only 42.3% of these wallets, a mere 10,145, managed to snag some PUMP tokens. Talk about a tough crowd! 😅

In total, 12.5% of the 1 trillion PUMP token supply was sold through the ICO, with an average price of $0.004 per token. That’s right, folks, you could have bought a million tokens for a mere $4,000. Not a bad deal, if you ask me! 🤑

However, despite the massive ICO, it seems that Pump.fun’s revenue has been on a bit of a downward spiral since mid-April. On the big day, July 12, the platform managed to rake in about $657,000. Not too shabby, but not exactly a record-breaker. 🤷‍♂️

PUMP Whales Are Everywhere

While the average buy size in the PUMP ICO was a whopping $44,209, the majority of the wallets, 5,758 unique addresses, bought less than $1,000 worth of the asset. I guess some people just like to dip their toes in the water. 🏊‍♂️

According to Dune data, 445 addresses purchased between $100,000 and $500,000 worth of tokens. 138 wallets accumulated between $500,000 and $1 million in PUMP tokens. And last but not least, 202 wallets bought over $1 million worth of tokens. That’s what I call commitment! 💪

Whale involvement, as you might expect, has a way of making the rest of us feel like we’re missing out. FOMO (fear of missing out) is a powerful thing, and these whales are masters at triggering it. 🐳

PUMP’s value, of course, tripled to $2.5 billion a few hours after the launch. But, as with all good things, it didn’t last. The token faced a quick selloff from short-term investors, and it’s now trading at $0.0078 with a market cap of $1.6 billion. Still, not too shabby for a new kid on the block. 🚀

When I spot a new launch with good narrative under $5k mcap on pumpfun.

— Guy (@obeyguyy) July 12, 2025

For those of you who are already planning your next move, Coinspeaker has put together a list of future ICOs. Stay ahead of the crypto curve, and maybe you’ll be the next whale! 🐳✨

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2025-07-13 14:09