Highlights
The widely anticipated Pump.fun token sale has raised $500 million in under 12 minutes as investors brace for incoming market volatility. Crypto strategist 0xSun has advised investors as they consider their options for navigating what could be a very volatile launch.
According to website data from Pump.fun, investors have scooped up all the available PUMP tokens from the public sale. The sale raised $500M with the website indicating that investors acquired all the tokens in less than 12 minutes.
Only 12.5% of the total supply of PUMP tokens were up for public sale by the team. Per the statement, investors will receive their tokens within a 48 to 72-hour window, with the team indicating that the tokens will be non-transferable during the distribution phase.
Ahead of the sale, Pump.fun acquired Kolscan, a tracking tool designed to “change the trading landscape.”
However, questions of a discrepancy have cropped up over the public sale. Initially, the team revealed plans to sell 15% of the total supply to raise $600M but hours after the sale, an official explanation for the difference remains unavailable.
In a recent X post, 0xSun shared their strategy for the upcoming pump.fun sale. The strategist claims that there is a noticeable difference in the sentiment of the market regarding pump.fun. The crypto strategist noted that bullish fundamentals are backing the token, stating that prominent analysts like Ansem and Izebel are backing the token’s growth. At the same time, sceptics are warning that hype does not always translate into profits, both domestically and internationally.
Backing the bulls, venture capital firms have invested $720 million in the project at a $4 billion valuation, indicating institutional confidence in its fundamentals. Yet 0xSun is quick to point out that despite this heavyweight backing, success isn’t guaranteed: “Too many points of contention remain,” he notes.
For those considering buying in, 0xSun recommends a balanced approach centered on flexibility. His core idea is for investors to observe the pace of the public sale. Investors are encouraged to participate if the ICO fills up quickly, but they should hedge their positions to reduce risk.
>0xSun’s hedging strategy aims to protect traders from price swings during the critical 24 to 72 hours after the sale and before tokens become transferable. For instance, a squeeze in the futures markets may necessitate short liquidations.
A rarer scenario involves spot prices pumping while tokens are still locked, triggering negative funding rates that hurt hedged traders. According to 0xSun, traders will wind up with unhedged long positions and be vulnerable to market volatility if they panic and close their shorts.
Despite these risks, 0xSun states that the ideal scenario would be for the public sale to fill quickly, spot trading to open with a 40–80% surge, and then gradually correct, allowing traders to exit profitably.
As CoinGape reported, the pump.fun ICO plans to sell 33% of the total 1 trillion $PUMP tokens for $0.004 each. Retail investors can purchase 15% of the supply, while private investors have already secured 18% at the same price. Additionally, the team receives 20%, current investors receive 13%, and community and ecosystem growth receive 24%. The foundation, liquidity support, and live-streaming features will receive smaller allocations.
After the ICO closes, trading will be postponed for 48 to 72 hours. The token will list on prominent exchanges such as Coinbase, Bybit, Kraken, and KuCoin. The goal of this policy is to stabilise the market and lessen sudden speculative spikes.
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