$500M Memecoin Madness: Pump.fun Sells Out Faster Than You Can Say “Oh No!”

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So, darling, hold onto your crypto wallets because Pump.fun just pulled off a marvelous magic trick! On a perfectly ordinary Saturday, it managed to raise a whopping $500 million in about 12 minutes. Yes, you heard it right! 🙌💸 If only my bank account could pull off such stunts!

Now, let’s talk about the PUMP token, which has a maximum supply of 1 trillion— because, of course, more is merrier! 🎉 A delightful 33% of this generous bounty was graciously allocated to the ICO. But wait, there’s more! A cute 24% was saved for the eco-system (trees would be proud) and 13% allocated to those fortunate existing investors. It’s kind of like a crypto buffet—everyone wants a taste!

Surprise, surprise! It seems this ICO could be signaling the comeback of the memecoin craze, which took a nosedive after ruling as the supreme champion of asset classes back in 2024. What a plot twist! 🎢

Oh, the Drama: Crypto Community Weighs In

But get ready for the mixed reviews! 🎭 While some in the crypto community are popping the champagne, celebrating Pump.fun’s monumental rise, others are throwing in the towel, claiming it’s all a grandiose farce. “Beyond one of the largest ICOs ever, this will be one of the highest-grossing revenue tokens in crypto,” says Haseeb Qureshi from Dragonfly. No pressure, right? 🍾

And then there’s Mary Bent, who didn’t hold back. She compared Pump.fun’s creators to Pied Pipers leading Gen Z straight into the crypto abyss. Yikes! 😱

Coinbase’s head of product, Conor Grogan, chimed in with some juicy gossip, claiming that the “great majority” of tokens on platforms like Pump.fun are churned out by automated bots. Imagine one single individual accountable for creating 18,000 tokens! 🧙‍♂️ They must have a magical energy drink keeping them fueled for dozens of tokens per hour! Forget the gym; let’s hit the crypto factory!

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2025-07-12 20:36