Pump.fun ICO Raises $500M in 12 Minutes, Reinforces Memecoin Comeback

Pump.fun's initial coin offering (ICO) has emerged as a milestone in internet-era capital markets, with the memecoin launch platform raising a staggering $500 million in just 12 minutes—a rapid sellout that signals renewed appetite for speculative crypto assets. The platform’s PUMP token, capped at 1 trillion units, allocated 33% of its total supply to the ICO. Additionally, 24% was earmarked for ecosystem development and community initiative...

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