Pump.fun’s token debuted with a market cap of 2 billion USD, quickly entering the top 65 cryptocurrencies. The successful ICO, raising 600 million USD in just 12 minutes, reflects strong market demand.
Despite its success, Pump.fun’s market cap falls short compared to BONK, which stands at 2.23 billion USD. The BONK token has established its foothold as a competitor in the meme coin space.
On its first trading day, PUMP showed stability with price fluctuations between 0.0049 USD and 0.0061 USD. While several holders opted to sell or transfer, 31.8% retained their tokens, indicating speculative interest.
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