Pump.fun Revives ICO Mania: $500 Million Floods In Overnight

Remember when ICOs were the Wild West of crypto fundraising? Buckle up—they're back with a vengeance.

Pump.fun just proved the 'greater fool theory' is alive and well, vacuuming up half a billion dollars faster than you can say 'regulatory scrutiny.' Here's how the degen playbook evolved.

The New ICO Gold Rush

No white papers. No utility. Just pure speculative frenzy wrapped in memecoins—and institutional money is suddenly paying attention again.

Liquidity On Steroids

Automated market makers meet casino economics. Projects now go from zero to nine-figure valuations between coffee breaks.

Funny how history repeats itself—right down to the 'this time it's different' chorus from VCs who missed the first wave. The SEC's enforcement division must be licking its lips.

In brief

• Pump.fun raises $500 million in 12 minutes with tokens sold at $0.004.
• The platform’s revenue dropped 92% despite this spectacular pre-sale raise.
• 98.6% of tokens are reportedly fraudulent, mostly created by bots.
• A single individual reportedly produced 18,000 tokens, fueling a toxic rug pull mechanism.

The financial feat of Pump.fun: golden masks and backstage fire

. That’s how long it took Pump.fun to raiseduring. The, offered at $0.004, found buyers for 1. The memecoin creation platform on solana took the opportunity to remind everyone it wasn’t dead:if the private sale to institutions is included.

The numbers are impressive, but a close reading reveals cracks. According to CCN,. Daily token launches have fallen from 1,100 to 69. Despite this plummet, the diluted valuation exceeds $4 billion. Nonsense for some observers.

Jocy, founder of IOSG Ventures, sums up the irony:

In a market where purchasing power is weak, such a valuation is unsustainable. It contradicts fundamental logics.

“Every pre-sale is a scam”: trapped by its own archives

Before becoming a titan of flash raises, Pump.fun wanted to be an anti-pre-sale bastion. Its founder used to repeat that “every pre-sale is a scam” – “Every pre-sale is a scam.” Today, he orchestrates. The irony did not escape anyone.

The platform, initially presented as, finds itself in the spotlight… and under heavy criticism. Jocy continues:

This is a masked exit maneuver. The team is looking to liquidate its position, disguised as community success.

Even major crypto exchanges like. The entry ticket? Up to $1 million per buyer, but without American or British investors, excluded for regulatory reasons.

This about-face triggered a wave of outrage on Twitter, Reddit, and in the crypto press. Some already call Pump.fun a business model built on sand. Others see a dangerous return of 2017-style ICOs.

Crypto or chaos? Pump.fun and the rug pulls machine

Theis not just tarnished by its contradictions. It is actively. According to Coinbase, a single individual is responsible for 18,000 tokens created via Pump.fun: “He wakes up, creates a dozen tokens per hour, sleeps, then repeats. He has been doing this for months.”

Worse still,or rug pulls. A number that transforms the record ICO into a showcase of a toxic ecosystem.

Some figures to remember:

• $500M raised in 12 minutes during the PUMP ICO at $0.004;
• $700M in historical revenue generated by the Pump.fun platform;
• 11 million tokens created since launch, but 98.6% considered fraudulent;
• 18,000 tokens produced by a single person over several months.

Pump.fun, in its creative frenzy, appears less like an innovation factory and more like a crypto chaos accelerator., for many, into a feeling of having been duped. The numerical success barely hides a drifting platform, at the mercy of bots and lawsuits.

Despite this spectacular raise, Pump.fun is no longer alone in the arena. Opposite, LetsBonk is attracting more and more memecoin creators on Solana. The platform war is on. And in this battle where boldness sometimes borders on fraud, one thing is certain: the meme crypto throne is more disputed than ever.

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