Solana’s Pump.fun Shatters Records with $4B Token Sale in 12 Minutes
In a stunning display of market enthusiasm, Solana-based memecoin platform Pump.fun has completed a $4 billion token sale in just 12 minutes, despite recent declines in trading volume. The project sold 125 billion PUMP tokens at $0.004 each, achieving a fully diluted valuation of $4 billion. The public offering, which accounted for 12.5% of the total supply, followed an earlier 18% private allocation. Token distribution is expected to occur over the next 48-72 hours, marking a significant milestone for the solana ecosystem and highlighting the continued investor appetite for innovative crypto projects.
Pump.fun’s $4B Token Sale Sells Out in 12 Minutes Despite Declining Volume
Solana-based memecoin platform Pump.fun has defied declining activity metrics with a frenzied token sale. The project priced 125 billion PUMP tokens at $0.004 each, implying a staggering $4 billion fully diluted valuation. The public offering—representing 12.5% of the total supply—was exhausted in just 12 minutes, following an earlier 18% private allocation.
Token distribution will occur over 48-72 hours, during which PUMP remains non-transferable. The team has published the official Solana contract address while warning investors against counterfeit tokens. Pump.fun's model enables instant token creation and listing, with successful projects graduating to decentralized exchanges.
Despite the launch hype, platform metrics reveal concerning trends. Monthly volume plummeted from $11.6 billion in January to $3.65 billion last month, with revenue dropping from $133 million to $34 million. The recently launched PumpSwap DEX has partially offset declines, generating $14.3 billion in May volume and $10 billion in June.
Solana (SOL) Eyes $2,700 Rally Amid Key Technical Pattern
Solana (SOL) dipped 0.58% in the past 24 hours, tempering its recent 10% weekly gain that pushed prices above $160. Analyst Ali Martinez identifies a bullish cup-and-handle pattern on weekly charts, suggesting potential for a parabolic MOVE if SOL conquers the $170 resistance level.
The pattern mirrors SOL's 2022-2025 trajectory, from its $250 peak to a $9.88 trough before its gradual recovery. Market watchers now scrutinize whether history will repeat, as the altcoin's technical setup echoes conditions preceding previous major rallies.
Solana Eyes $185 Breakout as Technical Pattern Signals Bullish Continuation
Solana's price action reveals a textbook cup and handle formation on daily charts, with the pattern's neckline hovering NEAR $166. A successful breach could propel SOL toward $185, with $220 emerging as an extended target. The current retest of $157 support aligns with Fibonacci extensions, suggesting institutional accumulation beneath key levels.
Exchange outflows and short liquidations underscore growing conviction among bulls. Market structure now favors upside resolution, provided SOL maintains its foothold above ascending trendline support. The asset's 24-hour trading volume of $162.30 reflects consolidation before potential continuation.
Historical precedents show such patterns often precede parabolic moves when accompanied by strong demand. Traders await confirmation of $166 as new support, which WOULD validate the breakout thesis. Solana's resilience during recent market turbulence has cemented its position as a standout performer in the altcoin sphere.
Solana Price Prediction: Analysts Target $300 by August Amid Bullish Momentum
Solana (SOL) has reignited bullish sentiment after decisively breaking the $160 resistance level, currently trading at $163.43 with a 12.87% monthly gain. The sixth-largest cryptocurrency by market capitalization ($87.65B) now mirrors its April price action that preceded a May peak at $187.
Technical analysts highlight the $125 support hold as critical, with prominent trader DonaXbτ projecting a $300-$450 range in coming months. The Optimism stems from SOL's recurring pattern of consolidation followed by explosive rallies, evidenced by its 30-day performance.
Beyond price action, Solana solidifies its position as a liquidity hub for TradFi applications. PumpFun's recent $500M ICO demonstrated the network's dominance, with 70% of participants utilizing SOL for allocation access. The blockchain continues to outperform competing layer-1 solutions in both developer activity and capital efficiency.
