Pundu, the latest meme coin phenomenon, has made waves with a stunning $100 million fair launch on DAO Maker, exceeding all forecasts.
In Brief
Pundu is the latest one on DAO Maker This fresh addition to DAO Maker aims to set a new standard for fair launch projects, harmoniously merging the vibrant spirit of meme culture with a robust commitment to legitimacy and innovation.
DAO Maker, recognized as the leading platform for retail venture capital, successfully executed a remarkable fair launch for a new meme coin project on the Solana blockchain. Pundu The fundraising effort achieved almost $100 million in a mere 37 hours, demonstrating the immense interest in this initiative and reflecting just a day and a half's worth of excitement.
This monumental occasion for Solana saw smaller investors contribute 212,404 SOL, valued at approximately $37.6 million, marking a record for the largest on-chain raise in the history of this popular layer-1 network. The effort also spanned to the Binance Smart Chain (BSC), where $60 million was contributed—comprising 51 million USDT and 8 million DAO tokens. Such a feat positioned Pundu as the second-largest fundraising success in the BSC domain as well.
This phenomenal fundraising event comes at a time when the meme coin sector is thriving amid the current bullish market trends.
Pundu is ushered in by @0xWayneePundu and marks the first meme coin to be launched fairly on DAO Maker, which now boasts over 200,000 verified users and a network of top-notch startups. Having supported numerous projects in raising capital during downturns, DAO Maker is known for developing tech solutions that foster community empowerment in tokenized environments and enhancing enterprise blockchains to foster innovative new products.
Pundu is the latest one on DAO Maker This latest effort is designed to redefine the narrative surrounding meme coins, aiming to serve as a model for fair launch projects while embracing the lively spirit of meme culture alongside a strong intent for authenticity and innovation.
At its inception, Pundu will initiate with a liquidity pool of around $15 million, ensuring the community can experience smooth and swift transactions. Notably, 45% of the total supply is earmarked for liquidity provision, with another 45% set aside for presale backers, promoting a sense of decentralization and engagement within the community.
Of the remaining token allocation, 5% is allocated for marketing efforts and another 5% for centralized exchange (CEX) listings. This thoughtful allocation strategy is vital for ensuring the project's long-term success beyond its initial launch.
In summary, Pundu's extraordinary $100 million launch is reshaping the meme coin landscape, validating the idea that a blend of fun and strategic planning can yield extraordinary results.
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