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Only one-bat the mimary platform Pump.Fun Get ready for what could become one of the greatest token sales in the history of Crypto.
The project discover $ 1.32 billion through his next pump token offer, potentially the third place between the blankest of rendrising in the industry.
According to the data from Cryptorank, Pump.Fun’s Govan Fondrising will only put behind the fault Ftx exchange, that raised $ 1.75 billion from their ftt sales. They follow Eos (now vault)that raised $ 4.26 billion in 2018.
Land $ 1.2 billion raising from lunc currently keep the third place, followed by One but the lion and Celelsius failure to $ 1 billion and $ 910 million, respectively.
Pump.Fun planned the Launch of the token pump for July 12. I am The token will have a fixed 1 trillion, with 33% assigned for their initial coins (ico)
Of that 18% will be distributed through a private sale to institutional investors. The 15% remaining will be sold to the public through exchanges as Kraken, Kucoin, and others.
Each token will be priced at $ 0.004 and have not planned to clothing, meaning all the tokens purchased to be immediately available on the launch.
Market feelings around the pump token
However, even before their official launch, the token generated significant interest in the market.
According to the coinngl DataPump’s perpetual contracts for the pump token has skipped by more than 300% to reach $ 346 million in volume, with $ 115 million interces.
This indicates a strong investment anticipation about the token of the token yet.
Despite this early excitement, there is the crescent skepticism from large encrypted investors.
Lens of onchain, a blockchain data platform, reported that many crackles encrypting the token price from the discovered pump in front of their launch. These whales deposited millions of dollars in hyperlid’s deck, signal a lack of confidence in the long-term performance.
Anticipate whales that pump follows the typical model of many initial coins (ICOS) This means they believe the token experiencing a initial surgeure followed by the strong price of the price.
