pump.fun token sale reaches cap in 12 minutes

Foresight News reports that, according to the official pump.fun website, the pump.fun token sale has reached its cap, taking just 12 minutes.

As previously reported by Foresight News, this public sale offered 150 billion tokens at a unit price of 0.004 USDT, accounting for 15% of the total supply (1 trillion tokens). Based on a $4 billion valuation, the fundraising totaled $600 million. Due to compliance reasons, participants from the UK and the US were not allowed to join the sale. Regarding the PUMP tokenomics, 33% is allocated for public sale, 24% for community and ecosystem incentives, 20% to the team, 2.4% for the ecosystem fund, 2% to the foundation, 13% to existing investors, 3% for livestream-related purposes, and 2.6% for liquidity and exchanges.