
Pump.fun unlocks US$86M in PUMP tokens
- Pump.fun unlocked about US$86 million of PUMP tokens as a three-year vesting schedule began.
- The release increased the token's circulating supply and drew market attention.
- Future token unlocks will continue under the project's long-term vesting plan.
Pump.fun unlocked about US$86 million worth of PUMP (CRYPTO:PUMP) tokens as the project's three-year vesting schedule officially began.
The unlock marked the first scheduled release of vested tokens and increased the circulating supply available to the market.
The project said future unlocks will follow the planned three-year schedule, with additional tokens released over time rather than all at once.
Token unlocks can increase selling pressure if recipients decide to sell their holdings, although the market reaction depends on investor demand.
Pump.fun is a Solana (CRYPTO:SOL)-based platform that allows users to create and trade memecoins with automated token launches.
Investors will watch future unlocks and trading activity to see how the larger token supply affects PUMP's price over the coming months.
At the time of reporting, PUMP price was $0.001659.