- Pump.fun – the most controversial memecoin launchpad on Solana went live with their ICO sale on July 12, 2025 at 18:00 UTC.The token was priced at $0.004 and was exchanging hands on top exchanges like Bybit.
- The token went live with a fully diluted market cap of $4 billion and is touted to be one of the biggest ICOs to happen. This event could trigger the comeback of ICO sales which faded after former SEC chair Gary Gensler started a long crackdown on crypto platforms
- The lack of any policy does make the token a riskier investment. The token was not available to UK & US based residents because of the token’s standing on compliance.
$PUMP Did Pump
Pump.fun’s native token $PUMP went live on some of the biggest exchanges like MEXC, Bybit, Kucoin. The token’s debut was nothing short of a stellar red carpet entry as the platform raised $500 million in just 12 minutes record time.
Pump took to Twitter to announce the news
Not all investors entered in with a long shot! It is interesting to note that the token was already trading on Hyperliquid dex at a 40% premium. Before its main listing, PUMP was listed on Hyperliquid as a perp pair came in after the community expressed their desire to trade in PUMP.
The pair was available on the dex with 3x leverage and was trading at $0.056 on Hyperliquid.
Internet Reacts To PUMP Token Sale
Despite its successful launch, the internet is divided on the token’s launch in general. Many believe it to be a landmark in the memecoin category while some are criticising the unclear regulatory stance of the token.
Mary Bent, founder of Truth for the Commoner (TFTC) commented,
“Pump.fun and those supporting it, even if at arm’s length, are Pied Pipers leading Gen Z to ruin.”
Conor Grogan, head of product, Coinbase pointed out that platforms like Pump.fun and LetsBonk encourage memecoin creation and are simply created using automated bots.
In Jan 2025, he said,
“There is one guy responsible for about 18,000 tokens created on PumpFun. It appears they wake up and create, on average, about a dozen tokens an hour until they go to bed, and then do it again every day. They’ve done this for months,”
Wrapping Up
Pump.fun’s token launch has underscored the importance of having a great community that become repeat customers. This is clearly demonstrated in Pump.fun’s overall positioning.
The platform’s focus on community drives its growth, despite it being labelled as a capital forming device. The token made a good debut, but chances of it entering in a supercycle seems low.
$PUMP could potentially drive more revenue in sales if the platform enters into the compliance and regulation trenches.
