Pump.fun ICO raises $500M, sells out within minutes

Pump.fun just pulled off a half-billion-dollar flex in 12 minutes flat. That's right, their ICO was like a Black Friday sale for crypto degens – blink and you missed it.

The PUMP token's got a trillion in supply, but only a third hit the ICO. The rest? Ecosystem funds, community projects, and a little something for the early believers. Classic crypto math.

This isn't just a comeback story for memecoins – it's a middle finger to the SEC's old guard. ICOs are back, baby, and they're wearing meme masks.

Dragonfly's Haseeb Qureshi calls it 'one of the highest-grossing revenue tokens in crypto.' TFTC's Mary Bent? Says they're 'Pied Pipers leading Gen Z to ruin.' Place your bets.

Coinbase's Conor Grogan dropped the real tea – most tokens on these platforms are bot-generated. One dude allegedly created 18,000 tokens. That's either grindset goals or a cry for help.