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Pump.fun’s long-anticipated public token sale concluded in a mere 12 minutes, and investors snapped up the full 12.5% of its 1 trillion‑token supply in a quick move. The event raised a total of $500 million from the sale of 125 billion PUMP tokens priced at $0.004, which accounts for 12.5% of the total 1 trillion token supply. 

$500 Million Raised In Just 12 Minutes

The Pump.fun ICO has officially become one of the most explosive token launches of the year after raising $500 million and closing out its sale in just 12 minutes. The Solana-based memecoin launchpad stunned the crypto community this Saturday with an explosive public token sale offering that distributed 125 billion PUMP tokens, which amounts to about 12.5% of the total 1 trillion supply at $0.004 apiece. This complete sale brings the PUMP tokens to a fully diluted valuation (FDV) of $4 billion.

Investors participated in the ICO by buying directly on the Pump.fun official token website or any of the project’s multiple centralized exchanges, which include Bybit, KuCoin, Bitget, Kraken, Gate.io, and MEXC. According to a dashboard on the official website, $448.5 million worth of PUMP tokens were purchased on the website, $5 million worth were purchased on Gate, $30 million worth were purchased on Kraken, and $16.5 million worth of tokens were purchased on KuCoin.

Image From Pump.fun

Buyers can expect PUMP tokens to be distributed within the next 48 to 72 hours, but transfers will be temporarily disabled during this window. Transfers will be enabled immediately after the distribution is complete. Nonetheless, pre-market activity suggests strong bullish sentiment. The quick sellout indicates that the crypto could surge massively in the first few trading sessions after launch, as long as the market is still in its current bullish state at the time it launches.

Mixed Reactions After Quick Sellout

The earliest that PUMP could become tradable and accessible for US and UK users is Monday, July 14. Notably, PUMP’s pre-listing price surged to as high as $0.006989 on Hyperliquid after the sale. Although it dropped after this peak, it has recovered a bit and is now around $0.006989. 

Notably, the project’s post of the sellout on the social media platform X was met with mixed reactions, as shown in the comments. Supporters celebrated the event, but not everyone was impressed. Some users voiced frustration over exchange issues that prevented them from completing their purchases during the short 12-minute window, while others raised questions about token distribution fairness, especially considering the discrepancy between the 33% supply initially promised for the ICO and the 12.5% that was ultimately offered in the public sale.

Image From Pump.fun

One trader reportedly opened a huge short position on Hyperliquid on $PUMP using 2x leverage with $8 million in USDC. The position is already about $800,000 in the red and is steadily approaching liquidation at $0.0085.

Featured image from Unsplash, chart from TradingView

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12 minutes.

That’s how long it took for Pump.fun’s token offering to raise roughly $500 million from retail investors across various exchanges, including Bybit, Kraken, and KuCoin.

The sale priced 125 billion tokens at $0.004 apiece, implying a $4 billion fully diluted valuation for the Solana-based memecoin launcher’s new utility token.

For now, holders must wait to get their hands on the token they bought.

Pump.fun said the purchased tokens will land in wallets over the next 48–72 hours and will stay locked until distribution ends, blocking trades or transfers.

The team shared the official Solana contract address— pumpCmXqMfrsAkQ5r49WcJnRayYRqmXz6ae8H7H9Dfn— and warned users to shun look-alike assets.

Read more: PUMP Lingers at 40% Premium Over ICO Price on Hyperliquid Ahead of Pump.fun Token Sale

In total, Pump.fun’s ICO was set to sell 33% of PUMP’s 1 trillion token supply, with 18% having already been allocated earlier via a private sale. The public allocation was recently lowered from 15% to 12.5%, which sold out in just 12 minutes.

Its other allocations include 20% for the team behind the project, 24% for community and ecosystem incentives, 13% for existing investors, 2.6% for liquidity, 2.4% for an ecosystem fund, with the remaining for a foundation fund and live streaming incentives.

Pump.fun allows anyone to mint and list a coin with a new token in a few clicks. When a freshly minted token reaches a specific threshold, it gets listed on decentralized exchanges.

The sale comes as the token launchpad’s metrics show a deepening decline in activity. DeFiLlama data shows that in January Pump.fun’s launchpad volume was above $11.6 billion, and has since been steadily declining to $3.65 billion last month.

Similarly, revenue generated via the launchpad dropped from $133 million in the first month of the year to nearly $34 million last month, according to DeFiLlama data.

While launchpad volumes plunged, Pump.fun’s decentralized exchange PumpSwap, which was launched in March, has been making up for the decline, seeing $14.3 billion of volume in May and $10 billion last month. Revenue for PumpSwap stood at $7 and $5 million for those months, per the same data source.

UPDATE (July 12, 15:54 UTC): Adds more context throughout.

Crypto Journalist

Amin Ayan

Crypto Journalist

Amin Ayan

About Author

Amin Ayan is a crypto journalist with over four years of experience in the industry. He has contributed to leading publications such as Cryptonews, Investing.com, 99Bitcoins, and 24/7 Wall St. He has…

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July 8, 2025

Japanese energy consulting firm Remixpoint has begun paying its CEO and President entirely in Bitcoin, becoming the first Tokyo Stock Exchange-listed company to do so.

The move, announced Tuesday, is part of a broader strategy to align executive incentives with shareholder outcomes and reinforce commitment to the company’s financial performance.

In its press release, Remixpoint said the initiative aims to ensure the leadership “shares the same economic fate as shareholders,” a response to previous shareholder requests that executives hold company stock.

Remixpoint Executives Chose Bitcoin Over Company Stock

Due to restrictions related to insider trading laws, however, holding equity was not a viable option for executives.

Instead, the firm turned to Bitcoin, citing the cryptocurrency’s close price correlation with its own stock as a way to mirror the financial ups and downs of its investors.

CEO Yoshihiko Takahashi described the decision as a “clear signal” of his commitment to corporate value and shareholder-focused governance.

Remixpoint’s Bitcoin compensation policy builds on its crypto-forward strategy launched last year.

In September last year, the company began investing in digital assets as a hedge against yen depreciation and to diversify currency exposure.

Its crypto portfolio includes over 1,000 BTC, 900 ETH, nearly 14,000 SOL, 1.2 million XRP, and 2.8 million DOGE, according to its website.

Notably, the crypto-keen auto and electricity trading company is the former owner of the crypto exchange BITPoint, which it sold to the securities giant SBI in 2023.

Despite the BITPoint sale, Remixpoint has continued to pursue crypto-related business avenues. The firm began its crypto-buying strategy in 2024.

Following the announcement, Remixpoint’s stock rose 0.71% on Tuesday.

Japanese Firms Double Down on Bitcoin Strategy

Japanese firms show no sign of slowing their Bitcoin-buying fervor. The famously Bitcoin-keen Metaplanet has been consistently boosting the size of its own BTC holdings.

On Monday, Metaplanet expanded its Bitcoin treasury strategy with the purchase of 2,205 additional BTC.

The latest acquisition brings Metaplanet’s total Bitcoin holdings to 15,555 BTC, worth approximately 225.8 billion yen ($1.7 billion) at an average purchase price of 14.5 million yen per coin.

The purchase, valued at 34.5 billion yen, comes amid Metaplanet’s aggressive accumulation since designating Bitcoin treasury operations as an official business line in December 2024.

Metaplanet’s BTC Yield, a key metric tracking the percentage change in Bitcoin holdings per fully diluted share, rose 15.1% between July 1 and July 7, adding 2,017 BTC worth 31.7 billion yen in the quarter-to-date period.

BTC Yield highlights the net Bitcoin growth relative to share dilution, which the firm views as a measure of shareholder accretion.

Furthermore, Tokyo Stock Exchange-listed gaming firms like Enish and Gumi have also launched ambitious BTC-buying strategies.

Bitcoin (BTC) neared $93,000 on Mar. 2 as US President Donald Trump doubled down on a strategic crypto reserve.

Trump writes: “I also love Bitcoin and Ethereum!”

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining 8% in rare weekend volatility.

Trump ignited a crypto firestorm into the weekly close after posts on Truth Social referenced a crypto reserve that would include BTC, Ether (ETH) and several altcoins.

After initially referencing only XRP (XRP), Solana (SOL) and Cardano (ADA), the President’s account added plans for additional tokens.

“And, obviously, BTC and ETH, as other valuable Cryptocurrencies, will be at the heart of the Reserve,” it stated in a further post.

“I also love Bitcoin and Ethereum!”

Reduced weekend order book liquidity thus ensured swift gains across crypto markets, with BTC/USD almost hitting $92,000 on Bitstamp.

“Market changes happen when nobody expects it,” crypto trader, analyst and entrepreneur Michaël van de Poppe responded on X. 

“The last crash, probably the biggest manipulation ever for people to scoop up big positions in $BTC and $ETH. The bottom is in. The low is in on Altcoins. The final easy cycle has started.”

The run to local highs thus sealed upside of 17% versus the multimonth bottom near $78,000 seen just two days prior.

As part of the volatility, XRP managed to surpass ETH by fully diluted valuation (FDV). 

“This is what crypto has been waiting for,” trading resource The Kobeissi Letter added in part of its own reaction.

$93,500 BTC price reclaim is still key

Continuing, popular trader and analyst Rekt Capital classified the dive to $78,000 as a “downside deviation.”

Related: When will Bitcoin price bottom?

As Cointelegraph reported, such deviation events have classified previous Bitcoin bull markets.

“Bitcoin has recovered almost the entirety of its downside deviation,” Rekt Capital wrote in a fresh analysis post.

“Price needs to now Weekly Close above the Re-Accumulation Range Low of $93500 to reclaim the range. And Bitcoin is only just +2% away from doing so.”

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

On April 18, 2022, Bitmain, the world’s leading producer of Cryptocurrency Mining Hardware, held a two-day site visit event in Pete, Texas, to be the first fully operational North American run by Poolin. Invite key customers to witness a water-cooled data center. . Over 30 mining companies participated in the event and learned how to incorporate the latest hydrocooling technology into their mining operations.

The event began with a seminar for guests, during which Bitmain’s latest hydro-cooling product, the Antminer S19 Pro+ Hyd. , the recently released Antminer S19 XP Hyd. and introduced technology behind Antspace HK3, an Antminer Hydro Hydro container.

The seminar explained how hydro-cooling infrastructure can utilize liquid flow to dissipate heat throughout the cooling system. In addition to efficient heat dissipation, heat exchange technology can integrate heat into other maintenance systems such as greenhouse heating, presenting future benefits for data center development.

After the seminar, guests visited the site to confirm the operation and construction of the hydro-cooling data center.

Bitmain also provides special offers for interested customers who are procuring one-time orders for at least 20 container sets to facilitate rapid, up-to-date setup and support for data center development. We have launched a free operation and maintenance service for three months.

“Utilizing Bitmain’s latest water cooling products is a huge leap in mining operations. Hydro-cooled products maintain safe, efficient and silent operation,” said Kevin Pan, CEO and Founder of Poolin. It can protect miners from external factors. I think this will be a solution to large-scale businesses to access cheap energy and create more environmentally friendly mining.”

Bitmain continues to provide cutting edge technology in power efficiency, providing the industry’s best computing infrastructure and solutions for its global blockchain network.

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