- Over $142 million in $PUMP tokens allocated to top centralized exchanges
- Pump.fun’s $500 million ICO becomes third-largest in crypto history
- Token distribution begins July 13, with trading expected post-unlock
Six major centralized exchanges have now received over $142 million worth of PUMP tokens following the successful completion of Pump.fun’s $500 million Initial Coin Offering (ICO).
This move positions the platforms to support trading once the full token distribution to buyers is finalized between July 13 and July 16.
Exchanges Secure Major $PUMP Allocations
Following the conclusion of the Pump.fun’s public sale, blockchain tracking firm Spot On Chain confirmed that all participating centralized exchanges have received their allocated PUMP tokens.
Related: Pump.fun (PUMP) Price Prediction for July 14, 2025: Wild Reversal Follows Historic $600M ICO Frenzy
The exchanges and their allocations are:
- Kraken: Received the largest share, worth approximately $30 million.
- Bitget: Also received a major allocation of around $30 million.
- Gate.io: Followed with approximately $25.6 million.
- MEXC & Bybit: Each acquired just under $20 million worth of tokens.
- KuCoin: Received around $16.4 million.
This distribution places these exchanges in a strong position to enable deposits and begin full trading shortly after the unlock period is complete.
Pump.fun’s ICO Breaks Records
The PUMP token sale, completed in just 12 minutes, raised over $500 million, making it the third-largest ICO ever recorded. Of the total amount raised, $448.5 million came directly through the Pump.fun website. The remaining $51.5 million was via the six participating exchanges.
A large portion of the funds came from a relatively small group of wallets. On-chain data revealed that 340 wallets alone contributed over $300 million, accounting for around 60% of the total raise. The average contribution from these wallets stood at approximately $44,000, suggesting significant interest from high-net-worth individuals and institutions.
Pre-Market Performance and Token Distribution
Before the official unlock, PUMP began trading on pre-market platforms, reaching a high of $0.01214, more than triple its initial sale price. As of July 13, the token price remains around $0.0056, which is still 40% above the ICO rate.
Some market participants have identified a short-term arbitrage opportunity. Investors who secured tokens during the ICO can short PUMP at current pre-market prices and potentially profit by closing their positions after receiving the tokens. With a cap of $1 million on such trades, profits could reach up to $400,000 under favorable conditions.
Related: Pump.fun Completes Its ICO With $500M Raised: Here Are Key Details
In furtherance, Pump.fun has confirmed that token distribution will occur over a 48 to 72-hour window, which started yesterday, July 13. Once the distribution process is complete, PUMP will become fully tradable and transferable. Market watchers expect trading activity to increase across centralized platforms as allocations unlock.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
