Blockchain platform Pump.fun pulled off one of the largest-ever crypto token sales, raising a staggering $600 million in just 12 minutes over the weekend, in yet another sign that the memecoin frenzy is far from over.
The platform’s public sale on Saturday comes amid renewed interest in speculative tokens, following Bitcoin’s recent record high.
Built on the Solana blockchain, Pump.fun announced via X (formerly Twitter) on July 9 that it had sold 150 billion of its native tokens at $0.004 each during the public offering.
