If you’ve been keeping an eye on the crypto world, you’ve probably heard the buzz around Pump.fun and its $PUMP token. Just yesterday, on July 12, 2025, this Solana-based meme coin platform made headlines by launching one of the most explosive Initial Coin Offerings (ICOs) ever. According to a detailed thread by Adam on X (@Adam_Tehc), the $PUMP ICO raked in a staggering $448.5 million in just 12 minutes, securing its spot as the third-largest ICO in history. Let’s break it down and see what this means for the meme coin craze!

The Numbers Behind the Hype

The on-chain data shared by Adam paints an incredible picture. Out of 23,959 wallets that completed Know Your Customer (KYC) verification on the Pump.fun website, 10,145 jumped in to buy $PUMP tokens. That’s a 42.3% participation rate, showing just how eager the community was to get involved. The average buy per wallet? A hefty $44,209, with an additional $51.5 million sold through centralized exchanges (CEXs). Here’s a quick visual to soak it all in:

Who’s Buying $PUMP?

The breakdown of buyers is where things get even more interesting. The data reveals a wide range of investors, from small-time enthusiasts to big players:

• 202 wallets splashed out $1 million or more.
• 138 wallets bought $500K+ worth.
• 445 wallets went for $100K+.
• 290 wallets picked up $50K+.
• 1,030 wallets invested $10K+.
• 545 wallets spent $5K+.
• 1,737 wallets grabbed $1K+.
• 5,758 wallets kept it under $1K.

This mix shows that $PUMP has attracted everyone from whale investors to everyday crypto fans. Check out the buyer breakdown below:

What Makes Pump.fun Stand Out?

Pump.fun isn’t just another meme coin platform—it’s built on the fast and scalable Solana blockchain, which allows for quick transactions and low fees. The platform lets anyone create and trade tokens, taking a cut from each issuance. This model has already helped Pump.fun hit $500 million in revenue faster than any company in history, according to their claims. The $PUMP token ICO, with 33% of its 1 trillion token supply up for grabs (18% via private sale and 15% public), is a big step toward rewarding its community.

Why This Matters for Meme Coin Fans

This record-breaking ICO highlights the growing power of meme coins in the crypto space. Unlike Bitcoin, which acts like digital gold, or utility tokens like Filecoin, meme coins like $PUMP thrive on community hype and the promise of quick gains. The success of this presale suggests that investors are betting big on Pump.fun’s ability to keep the meme coin momentum going. Plus, with potential revenue-sharing for token holders, it’s a model that could set a new standard for the industry.

Looking Ahead

As of 05:09 AM JST on July 13, 2025, the crypto community is still buzzing about this launch. Whether $PUMP will maintain its momentum or face the volatility common to meme coins remains to be seen. For now, it’s a testament to the wild potential of blockchain innovation. If you’re a blockchain practitioner or just a meme coin enthusiast, keep an eye on meme-insider.com for the latest updates and insights!

What do you think about this ICO? Drop your thoughts in the comments, and let’s dive deeper into the world of $PUMP together!