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PUMP Token Presale Sees 23,959 Wallets Complete KYC Process

The PUMP token's launch saw significant trading activity and a $500 million capital raise, with 76% of tokens sold through its platform.

Summary

PUMP token debuted at a fully diluted valuation of approximately $5.6 billion on July 14, experiencing a 7.3% drop in the first three hours of trading. At around $0.005128, the current FDV is nearly $5.12 billion, with liquidity at $19.3 million. The public sale on July 12 raised $500 million, distributing 125 billion tokens. 23,959 wallets completed KYC, with 42.3% securing tokens, and 202 wallets hitting the $1 million cap.

Terms & Concepts
  • Fully Diluted Valuation (FDV): The total market capitalization of a cryptocurrency if all tokens were issued and sold at the current market price.
  • Initial Coin Offering (ICO): A fundraising method where new cryptocurrencies sell tokens to investors, typically for funding development.
  • Liquidity: The availability of liquid assets to a market or company, often measured by the ease of buying or selling an asset without affecting its price.