After successfully completing Pump.Fun’s $500 million initial coin product (ICO), six major centralized exchanges received more than $142 million in pump tokens.
The move places a platform to support the transaction after the full token distribution to buyers is confirmed between July 13th and July 16th.
Replacement will secure a major $pump allocation
Following the conclusion of Pump.Fun’s public sales, Chain’s blockchain tracking company Spot confirmed that all participating central exchanges received the assigned pump token.
Related: Pump.Fun Price forecast for July 14, 2025: Wild reversal follows historic $600 million ICO Frenzy
The exchange and its assignments are as follows:
- Kraken: It has the largest share, worth around $30 million.
- Bitget: We also received a major allocation of about $30 million.
- Gate.io: It continued for about $25.6 million.
- MEXC & BYBIT: Each got a token under $20 million.
- Kucoin: I received about $16.4 million.
This distribution places these exchanges in a strong position, enabling deposits immediately after the unlock period has been completed and starting full trading.
Pump.Fun’s ICO breaks records
Completed in just 12 minutes, the pump token sale raised over $500 million, making it the third largest ICO ever recorded. Of the total amount raised, $448.5 million came directly from the Pump.fun website. The remaining $51.5 million was made through six participating exchanges.
The majority of the funds came from wallets of relatively small groups. Data on the chain reveals that over $300 million contributed to just 340 wallets, accounting for around 60% of total pay increases. The average contribution from these wallets is around $44,000, indicating great interest from the wealthy and institutions.
Pre-market performance and token distribution
Before the official unlock, the pump began trading on its pre-market platform, reaching $0.01214, exceeding the high of more than three times the initial selling price. As of July 13th, the token price remains at around $0.0056, which is still 40% above the ICO rate.
Some market participants have identified short-term arbitrage opportunities. Investors who secured the token during the ICO could benefit by shortening the pump at current pre-market prices and closing their positions after receiving the token. With a $1 million cap on such a transaction, profits can reach up to $400,000 under favorable conditions.
Related: Pump.fun raises $500 million to complete the ICO: Important details are as follows
Additionally, Pump.Fun confirmed that token distribution occurs in the 48-72 hour window that began yesterday, July 13th. Once the distribution process is complete, the pump becomes fully tradeable and transferable. Market watchers expect trading activity to increase across the centralized platform as allocations are unlocked.
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