Memecoin platform Pump Enjoyable’s preliminary coin providing (ICO) has concluded, and its PUMP token is now tradable on a number of exchanges.
The token was initially bought for $0.004 in the course of the ICO and has now risen to roughly $0.0055, in accordance with information from Binance-owned CoinMarketCap.
The preliminary sale, which occurred on July 12, bought out in mere minutes, with Pump Enjoyable elevating roughly $600 million.
Apparently, regardless of the ICO requiring purchasers to undergo a know-your-customer (KYC) course of, evaluation from Blockworks means that some wallets participated within the sale from dozens, or in a minimum of one case a whole bunch, of addresses.
Blockworks highlighted that 88888FAoqY6JdSvz7fk1FPd6qjPTcCMGcS64GbwonLoE funded 500 completely different addresses that each one participated within the sale, buying a complete of $200,000 price of PUMP tokens.
Its evaluation additionally said that this tackle had beforehand participated in different memecoin gross sales, together with WUKONG.
The crew behind the token claims that it’s going to have a most provide of 1 trillion, with solely one-third of that quantity out there throughout this ICO.
A fifth of the whole token provide is being reserved for the crew, with an extra 13% being reserved for pre-ICO buyers in Pump Enjoyable.
$PUMP can have a most provide of 1,000,000,000,000 and will probably be distributed as follows:
33% will probably be bought within the Preliminary Coin Offering24% reserved for neighborhood and ecosystem initiatives20% to the team2.4% to the ecosystem fund2% for the foundation13% to current buyers… pic.twitter.com/0SmmEK16O9
— pump.enjoyable (@pumpdotfun) July 9, 2025
The remaining tokens are alleged to be cut up between:
Group and ecosystem initiatives — 24%
Livestreaming — 3%
Ecosystem fund — 2.4%
Basis — 2%
Liquidity and exchanges — 2.6%
PUMP is marketed because the “native token” for Pump Enjoyable, nevertheless it’s not fully clear what that may imply.
In a single submit on X, it’s claimed that “PUMP will grow the Pump Fun ecosystem by delivering value to its community and incentivizing the ecosystem that continues helping the platform succeed.”
That is rapidly caveated, although, because it’s famous that they’re nonetheless “giving thorough consideration to utility mechanisms like fee rebates, token buybacks, or other incentives and promotions.”
Pump Enjoyable is presently the goal of a lawsuit from merchants who’ve misplaced cash on the platform.
The platform’s livestream options have additionally been utilized in controversial methods, together with to threaten individuals with homicide, animal deaths, brandishing of firearms, and threats of suicide.
Pump Enjoyable’s co-founder, Dylan Kerler, can also be reportedly behind a earlier alleged rug-pull, Ethereum Money.
