BTC ATH, PUMP raises $500M in 12 Minutes

BTC ATH, PUMP raises $500M in 12 Minutes

Alen

GM to all and GM the bull!

The last 7 days were a beautiful week of nonstop BTC towards all-time highs, with BTC at $123K, ETH also make its way back to $3K range with SharpLink announces a $1B ETH treasury allocation and multiple more company purchasing ETH like BitDigital with a $173M purchase. What could be better than these?

The crypto fundraising market is also blooming with about $900M poured into the market, the huge portion of its not coming from VCs, but from the ICO round of PumpFun, which they sold out $500M of PUMP in just 12 minutes, making it one of the fastest and largest ICO round. 

1. PumpFun raised $500M at $4B valuation

The leading Memecoin launchpad - PumpFun has raised $500M in a Public ICO round at a $4B FDV which sold out in about 12 minutes.

PumpFun is Solana-based memecoin launchpad that lets anyone create, mint, and trade tokens instantly through bonding curves, with fair-launch mechanics and no-code deployment.

Since launch, PumpFun has made its way to become the top 1 launchpad of all time, with the most users, most token created and is one of the crypto projects with the highest revenue. 

According to PumpFun. The PUMP token has a maximum supply of 1T, and 33% of the supply was allocated to the ICO (15% public and 18% private). 24% of the supply was allocated to the ecosystem and future community projects, while 13% was reserved for existing investors. 

2. AUSD issuer Agora raised $50M from Paradigm

Startup focused on dollar stablecoins - Agora Finance has raised $50M in a Series A funding round led by Paradigm, with participation from Dragonfly Capital.

Agora, cofounded by Nick van Eck, son of the Van Eck CEO Jan van Eck, along with crypto veterans Drake Evans and Joe McGrady, Agora is competing in an increasingly crowded space dominated by rivals including Circle and Tether. At the core of Agora’s platform is AUSD and a full-stack suite that allows developers, fintechs, and institutions to seamlessly issue, manage, and integrate stablecoins. With deep on-chain liquidity across 13 major networks, extensive exchange integrations, and tens of billions in cumulative volume, Agora already serves customers like Nonco, Flowdesk, and VanEck.

The investment sets the stage for Agora to expand its white-label stablecoin, which enables enterprises to issue their own branded stablecoins in days without the burden of building complex infrastructure.

3. Kuru Exchange raised $11.5M from Paradigm

Monad-based on-chain orderbook exchange - Kuru has raised $11.60M in a Series A funding round led by Paradigm, with participation from Electric Capital, Credibly Neutral, with some angels are: Viktor Bunin, Tristan Yver, Will Price, 3nes and Shreyas Hariharan.

Kuru brings a performant central limit-orderbook to the EVM for the first time on Monad. With a trading terminal, user liquidity provisioning, and token launchpad built in, Kuru is your home to find, trade, and launch your favorite coins on Monad. 

Kuru uses a hybrid CLOB-AMM model, combining the AMM mechanics common in crypto with the central limit order book (CLOB) architecture of CEXes , enabling a new level of flexibility and efficiency.

In short, Kuru is designed to operate without relying on traditional market makers, ensuring continuous on-chain liquidity while giving users the option to place native limit orders.

4. Remix raises $5M in seed funding to become ‘TikTok for games’

AI-native mini‑game platform - Remix (ex Farcade) has raised $5M in a Seed funding round led by Archetype, with participation from Coinbase Ventures, Variant Fund, Lemniscap, CRIT Ventures and Planetarium.

Remix is an AI-native mini‑game platform described as “TikTok for games.” It enables users to create, remix, and instantly play browser‑based games through AI‑driven tools. With Remix, game creators can write their own prompts or “remix” existing games by mixing and modifying elements to quickly “ship” a new version. 

This approach makes mobile game development fast, fun, and basically free for creators. Naturally, since the final games rely heavily on AI, they might have bugs or start to feel repetitive for players if they run into many that follow a similar style. In the last month, Remix has delivered: 

  • Rebrand from Farcade to Remix
  • Snap Apps (individual apps for your games)
  • Event w/ @doodles that resulted in 100+ games made
  • 600K users
  • 1K games released
  • Two games surpassing 1M plays mark
  • Creator studio is no longer only on Farcaster

5. Velvet raised $3.7M from Binance

DeFAI Trading & Portfolio Management Ecosystem - Velvet Capital has raised $3.7M in a funding round from YZi Labs (ex Binance Labs), Blockchain Founders Fund, FunFair Ventures, Selini Capital, Mucker Capital, PAKA, LucidBlue Ventures, and many more.

Velvet Capital is a DeFAI Trading & Portfolio Management Ecosystem powered by intents, offering a vertically integrated stack with a native user app, an agentic TG bot, APIs for easy integration and a DeFAI OS for agents.

Prior to the investment, Velvet has also completed a TGE event via Binance Wallet. The VELVET listing will be the first opportunity for the general public to purchase VELVET and receive exclusive access to governance, fee discounts, and real yield from the Velvet Ecosystem.

Conclusion

There weren’t many fundraising announcements this week, perhaps because all eyes were on the PUMP ICO, one of the largest and fastest-selling ICO in crypto history. However, given the current market state, the fundraising landscape is very likely to improve, and more VCs will be eager to put their capital into new projects.