Pump.fun token sale raised $500M in minutes as 0xSun shares hedging tips to help investors manage rising crypto market volatility.
As investors prepare for impending market turmoil, the much-anticipated Pump.fun token auction has raised $500 million in less than 12 minutes.
As investors weigh their options for managing what might be an incredibly tumultuous launch, cryptocurrency guru 0xSun has offered advice.
$500M Is Raised By Public Token Sale Amid Concerns About Discrepancies
Data from the Pump.fun website indicates that all of the PUMP tokens that were up for grabs during the public sale have been purchased by investors.
According to the website, investors bought all of the Pump.fun tokens in less than 12 minutes, and the auction brought in $500 million.
The team only offered 12.5% of the entire Pump.fun token supply for sale to the general public.
The organization has stated that the tokens would be non-transferable throughout the distribution phase, and investors will receive their tokens within a 48- to 72-hour window.
Pump.fun purchased Kolscan, a tracking tool intended to “transform the trading landscape,” before the sale.
However, public sales have raised concerns about a discrepancy.
Hours after the sale, the team still hasn’t explained the discrepancy, despite initially announcing plans to sell 15% of the supply to raise $600 million.
Smart Hedging: 0xSun’s Approach For Pump.fun Purchasers
In a recent X post, 0xSun revealed their plan for the impending Pump.fun token sale.
According to the strategist, there is a discernible shift in the market’s attitude toward Pump.fun token.
Prominent experts like Ansem and Izebel support the token’s growth, according to the crypto strategist, who also mentioned that favorable fundamentals support the token.
However, both domestically and abroad, skeptics are cautioning that enthusiasm does not always translate into earnings.
Institutional faith in the project’s fundamentals is demonstrated by the $720 million that venture capital companies have invested, backing the bulls at a $4 billion valuation.
However, 0xSun quickly points out that success isn’t assured despite this strong support: “Too many points of contention remain,” he writes.
0xSun suggests a well-rounded strategy focused on adaptability for people thinking about investing.
His main proposal is to allow investors to track the pace of public sales.
>0xSun’s hedging technique attempts to shield traders from price swings during the crucial 24 to 72 hours after the sale and before tokens become transferable.
Investors are urged to participate if the initial coin offering (ICO) fills up rapidly, but they should hedge their positions to limit risk.
For example, short liquidations can be required if the futures markets are under pressure.
Spot prices inflating while tokens are still locked is a less common occurrence that damages hedged traders by causing negative funding rates.
If traders panic and cancel their short positions, they will end up with unhedged long bets and be exposed to market volatility, claims 0xSun.
According to 0xSun, the ideal situation would be for the public sale to fill swiftly, spot trading to open with a 40–80% rise, and then gradually correct, enabling traders to exit profitably, despite these dangers.
Within Pump.fun Tokenomics
As CoinGape reported, the pump.fun ICO will sell thirty-three percent of the one trillion $PUMP coins for $0.004 each.
15% of the supply is available for purchase by retail investors, while private investors have already purchased 18% at the same price.
It also gives 20% to the team, 13% to existing investors, and 24% to community and ecosystem growth.
Smaller allocations will include live-streaming features, liquidity support, and foundation.
Trading will be delayed for 48 to 72 hours following the ICO’s closure.
The coin will be listed on well-known exchanges like KuCoin, Bybit, Coinbase, and Kraken.
This approach aims to reduce abrupt speculative spikes and stabilize the market.
