Memcoin launch platform pump. Fun on Saturday raised an initial coin offering $ 500 million, which was sold in about 12 minutes.
The maximum supply of pump tokens is 1 trillion, and 33% supply was allocated to ICO. 24% of the supply was allocated to ecosystem and future community projects, while 13% were reserved for existing investors, according to the Memcoin platform.
Of the 33% ICO allocation, 18% went to institutional investors, and retail traders were offered 15%. The ICO Memcoin of pump.fun may indicate the return of the sector, which in 2024 experienced a sharp recession after being one of the highest performing asset assets classes.
Public token sales also reflect the revival of early coin Prasad, which was out due to regulatory pressure during the reign of Gary Gensler, chairman of the former Securities and Exchange Commission (SEC) in the United States.
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Mixed reactions for pumping crypto community voices.
Despite the $ 500 million raised in the ICO, the Crypto community remains divided on the effects of the pump. In general, with celebrating the development of some platform and others argued that it is a pure negative to space.
Managing partner Haseeb Qureshi in Venture Capital firm Dragonfly, “One of the largest ICOs, one of the largest ICOs, it will be one of the highest -grossing revenue tokens in Crypto.” Said,
https://www.youtube.com/watch?v=umum1btcrdq
Mary Bent, Founder of Truth for the Commoner (TFTC), responded to Qureshi and Said“Pump. Fun and those who support it, even though at the length of the hand, are pied peppers who are leading to ruin General Z.”
The head of the coinbase product, Connor Growon, Said “Great majority” pump of tokens
“A person is responsible for about 18,000 tokens made on pumpfun. It appears that they wake up and make, on average, about a dozen tokens do not go to bed for an hour for an hour, and then do it again every day. They have done it for months,” wrote In January.
There are no investment advice or recommendations in this article. Each investment and business move include risk, and readers should conduct their own research while taking decisions.
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