Pump.fun Smashes Records: $600M PUMP Token Sale Ignites Crypto Frenzy

Memecoin mania hits new highs as Pump.fun's token sale rockets past $600M—proving once again that crypto markets run on vibes, not valuations.

How the PUMP sale defied gravity

The platform turned meme economics into serious business, with traders FOMO-ing into what might be the most ironically named token since Dogecoin. No utility? No problem. The sale crushed previous records while 'serious' DeFi projects struggled for attention.

Wall Street's worst nightmare

While traditional finance scrambles to understand the appeal, the PUMP sale demonstrates crypto's uncanny ability to monetize collective delirium. One banker was overheard muttering about 'greater fools' while transferring ETH to his MetaMask.

Welcome to the new era of finance—where the rules are made up and the fundamentals don't matter.

Massive interest from major exchanges

Several top-tier centralized exchanges hosted the token sale. Gate reportedly processed $5 million in orders, while Kraken and KuCoin saw investments of $30 million and $16.5 million, respectively. Notably, U.S. and U.K. investors were barred from participating due to regulatory restrictions.

This public offering follows a previous private sale where 180 billion tokens — 18% of the total 1 trillion supply — were sold to institutional investors. In total, 33% of all PUMP tokens have now been allocated to early buyers.

READ MORE:

Most Trending Cryptocurrencies on CoinGecko After Bitcoin’s New ATH

Kraken promises airdrops after system failure

The high demand created some technical issues. Kraken’s system failed to process certain investor orders despite their timely participation. To compensate, Kraken will airdrop PUMP tokens to affected users. Co-CEO Arjun Sethi confirmed that internal logs are being reviewed to identify impacted clients, with outreach promised soon.

With over $1.32 billion now raised through token sales, Pump.fun has firmly positioned itself as a memecoin force — and one of 2025’s breakout projects. Whether its market momentum will match this funding frenzy remains to be seen once trading opens.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.

SHARE: 0 SHARES