The project aims to raise $1.32 billion through its upcoming PUMP token offering, potentially securing the third spot among the highest-ever fundraising events in the industry.
Of that, 18% will be distributed via a private sale to institutional investors. The remaining 15% will be sold to the public through exchanges like Kraken, KuCoin, and others.
Each token will be priced at $0.004 and have no vesting schedule, meaning all purchased tokens will be immediately available upon launch.
However, even before its official launch, the token has generated significant interest in the market.
This indicates strong investor anticipation about the yet-to-launch crypto token.
Despite this early excitement, there is growing skepticism from large crypto investors.
Whales anticipate that PUMP will follow the typical pattern of many Initial Coin Offerings (ICOs). This means they believe the token would experience an initial surge followed by sharp price declines.
