Solana Meme Coin PUMP Nears $600 Million ICO Closure

July 12, 2025

What to Know:

Pump.fun launches $PUMP ICO, impacting altcoin markets.
PUMP ICO could boost risk appetite.
Sharp uptick in Solana trading expected.

solana-meme-coin-pump-nears-600-million-ico-closure — Solana Meme Coin PUMP Nears $600 Million ICO Closure

The Pump.fun platform has initiated its $PUMP token ICO, aiming to raise $600 million within 72 hours on the Solana blockchain.

The sale’s outcome will influence altcoin volatility and risk dynamics, affecting Solana’s ecosystem and meme coins shortly.

PUMP ICO Seeks $600 Million on Solana

The Pump.fun team, known for launching Solana-based meme coins, has announced a $600 million ICO for their $PUMP token. This launch is being hosted on the Solana blockchain.

The ICO excludes U.S. and U.K. residents due to regulatory restrictions. Participating exchanges include Kraken and KuCoin as major facilitators.

Altcoin Trading Volumes Set to Surge

The ICO’s success or failure could influence altcoin risk appetite and trading volumes. It already generated substantial futures activity on Hyperliquid, signaling market anticipation.

Financial implications may include a surge in Solana’s activity as seen historically following similar events. The ICO’s demand will drive broader market sentiment accordingly.

Historical Success of Solana Meme Coins

Similar Solana meme coin launches historically see rapid sellouts, boosting related tokens. This trend holds true for past launches like BONK and WIF, setting a precedent for PUMP.

Future expectations hinge on ICO completion speed, with quicker sales potentially stirring extra market risk-taking and capital influx into Solana-linked cryptocurrency sectors.

PUMP ICO Running for 72 Hours

“The ICO will run for 72 hours, or until all tokens are sold. Tokens purchased during the sale will be unlocked immediately upon purchase. United States and United Kingdom residents are excluded from participation due to regulatory restrictions.” – Pump.fun Team

Disclaimer: The information on this website is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are volatile, and investing involves risk. Always do your own research and consult a financial advisor.

Thane Morrison

Thane Morrison is a diligent crypto news author and keen blockchain and digital finance enthusiast. He writes insightfully correct engaging content on Bitcoin, altcoins, DeFi, and NFTs to help readers understand how this relentless, changing world works. Simplification and empowerment are what he really stands for and enables readers to keep their heads in the game when making vital decisions in such a demanding space.