Pump.fun has carried out its first unlock of team and investor tokens after the initial one-year lockup expired, according to monitoring by Ember. The project has now entered a three-year vesting period. In the first release, 57.279 billion PUMP tokens were unlocked and transferred out. The batch was valued at about $86.49 million at the time of the transfer. Ember said the tokens were distributed across 121 wallets. The update focuses on the start of the vesting schedule and the on-chain movement tied to the first unlock.
Pump.fun has completed its first unlock of team and investor tokens after the initial one-year lockup expired, according to Ember monitoring.
Starting today, the team and investor allocation has moved into a three-year unlock cycle. In the first release early today, 57.279 billion PUMP tokens were unlocked, transferred out, and distributed to 121 wallets. The tokens were worth about $86.49 million at the time, Ember said.
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