NiftyNoon: Pump.Fun ICO is Here - Pump It Up! 🚀💰🤔
Pump.fun's recent Initial Coin Offering (ICO) raised over $500 million in minutes, signaling renewed interest in memecoins but also sparking community debate (July 14, 2025)
Nifty Thought:
The Solana-based memecoin launch platform, Pump.fun, successfully completed its Initial Coin Offering (ICO) for the PUMP token, raising over $500 million in approximately 12 minutes on Saturday. This rapid sell-out saw 125 billion PUMP tokens sold at $0.004 each, giving the token a fully diluted valuation of $4 billion. The ICO allocated 33% of the total 1 trillion supply, with 18% going to institutional investors and 15% to retail traders. This significant capital raise is seen by some as a strong indicator of returning momentum for the memecoin sector, which had experienced a downturn after a strong performance earlier in 2024.
Despite the impressive fundraising, the crypto community holds mixed reactions regarding Pump.fun and the broader memecoin phenomenon. While some, like Dragonfly’s managing partner Haseeb Qureshi, view it as a potential "highest-grossing revenue token in crypto", others, such as Mary Bent of Truth for the Commoner, express concerns about the platform's impact, suggesting it could lead Gen Z to financial ruin. Coinbase's Head of Product, Conor Grogan, also highlighted that a "great majority" of tokens launched on such platforms are created by automated bots, with one individual reportedly creating dozens of tokens per hour for months. The purchased PUMP tokens will be distributed within 48 to 72 hours and will remain untradable until distribution is complete.
Highlighted News:
💊 $PUMP public sale has now ended; selling out in only 12 minutes:
https://x.com/pumpdotfun/status/1944043746292584849?s=46
🔷 $ETHA took the 6th spot on the weekly ETF flow leaderboard:
https://x.com/EricBalchunas/status/1944059338320236868
📈 Another $1+bil into spot bitcoin ETFs… *$2.7bil* for the week:
https://x.com/nategeraci/status/1943861715885862948?s=46
📈 $IBIT blew through the $80b mark last night, fastest ETF to get there in 374 days, about 5x faster than the previous record:
https://x.com/EricBalchunas/status/1943664470032576876
Project and Community News:
SharpLink has acquired 10,000 $ETH directly from the Ethereum Foundation: https://x.com/sharplinkgaming/status/1943642068=cNpac1GRlMshaOZRN02eXg
If you bought Bitcoin every day like the El Salvador government, you'd have a 113% return: https://x.com/lookonchain/status/1944431527405969713
Looks like 189 wallets hit the $1M max for the PUMP ICO: https://x.com/Tyler_Did_It/status/1944038711731073242
$PUMP Token Sale Concludes Amid Oversubscription; Allocation Results Under Review: https://x.com/bybit_official/status/1944079461382582274?s=46
Hyperliquid hit a new OI ATH two days in a row. This time of >$11.3B: https://x.com/HyperliquidX/status/1944416246017241237
Full list of tariffs announced by the US this week: https://x.com/watcherguru/status/1944020840099500466?s=46
Federal Reserve Chair Jerome Powell reportedly considers resigning: https://x.com/WatcherGuru/status/1943750223085355318
To counter the GOP’s “Crypto Week,” Reps. @RepMaxineWaters & @RepStephenLynch are launching “Anti-Crypto Corruption Week”: https://x.com/eleanorterrett/status/1943680804208439728?s=46
The Czech National Bank added 51,732 shares of Coinbase (COIN) in Q2 2025, worth over $18M, marking its first position in the crypto exchange: https://x.com/esatoshiclub/status/1944340487457894665
34 @pudgypenguins swept in response to the masterclass by @AlexOnchain taking over the @coinbase account and changing its pfp to a pudgy: https://x.com/xeer/status/1943725452578697239?s=
PENGU up another 30% to $1.7B: https://x.com/Tyler_Did_It/status/1944383876035399892
Someone just loaded a wallet with 400E and has slowly been buying BAYC all morning: https://x.com/cirrusnft/status/1943743394104188954?s=46
@defidevcorp announce a strategic collaboration with @SwitchboardXYZ to supercharge RWA infrastructure on @solana: https://x.com/defidevcorp/status/1943667418322387420?s=46
BlockFi Bankruptcy Administrator and DOJ Settle, Dropping $35M Crypto Asset Transfer Lawsuit: https://x.com/BecauseBitcoin/status/1943982092808769971
At @UnivOfKansas, UBRI is fueling an onchain art collaboration led by Dr. Perry Alexander and the Spencer Museum: https://x.com/ripple/status/1943723500432151003?s=46
$UPXI Raises $200M to buy more $SOL, $50M in equity offering and $150M in convertible note offering, lead investor on the notes was Big Brain Holdings: https://x.com/DJohnson_CPA/status/1943663119223435455
Binance Pay’s new "Send On-chain" lets you upload or snap payment instructions and AI handles the rest: https://x.com/binance/status/1944003821061255498?s=46
Phantom Perps already crossed $120M in total volume: https://x.com/phantom/status/1944223743423000813?s=46
Quick Stats:
👾 Blur ETH Daily Volume: 2,414.93 ETH (▲▼► X.XX%)
🌊 OpenSea ETH Daily Volume: 415.01 ETH (▲ 21.64%)
🟠 BTC : $121,661.89 (▲ 2.59%)
🔷 ETH: $3,063.89 (▲ 2.49%)
🟣 Solana: $168.29 (▲ 3.34%)
🟪 Polygon: $0.24 (▲ 3.11%)
Top NFT Sales:
CryptoPunks #5792: 46.89 ETH
CryptoPunks #9274: 44.99 ETH
CryptoPunks #8109: 44.69 ETH
NFT Daily Winners:
🐵 NodeMonkes: 0.05 BTC (▲ 54.39%)
🐱 Quantum Cats: 0.05 BTC (▲ 44.99%)
🐧 Pudgy Penguins: 14.53 ETH (▲ 21.08%)
💼 Ordinal Maxi Biz: 0.02 BTC (▲ 19.90%)
🧦 Bitcoin Puppets: 0.04 BTC (▲ 16.86%)
⛩ Azuki: 2.09 ETH (▲ 11.18%)
🚬 CryptoPunks: 42.25 ETH (▲ 2.42%)
👩🏻 Milady Maker: 2.38 ETH (▲ 1.78%)
😡 Mad Lads: 36.46 SOL (▲ 0.41%)
🦧 Bored Ape Yacht Club: 11.45 ETH (▲ 0.62%)
🧙♂️ Taproot Wizards: 0.19 BTC (▲ 0.27%)
👾 Tensorians: 2.62 SOL (► 0.00%)
🏳🌈 Chromie Squiggles: 4.21 ETH (► 0.00%)
NFT Daily Losers:
🍭 Mocaverse: 1.24 ETH (▼ 4.17%)
🏴☠ Captainz: 0.30 ETH (▼ 9.46%)
Notes:
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