Stories and Reviews
March 26, 2024

Meme Coin Project Pundu Shatters Expectations with a $100M Fair Launch on DAO Maker

In Brief

Pundu is the latest one on DAO Maker, which aims to change the meme coin narrative by emerging as a benchmark for fair launch projects. This way, it combines the fun and exciting spirit of meme culture with the commitment to legitimacy and innovation

DAO Maker, the go-to platform for retail venture investing, conducted a super successful fair launch for a new meme coin project on Solana. The project, Pundu, raised nearly $100 million on DAO Maker in just 37 hours, equivalent to a day and a half. 

In this historic event for Solana, small investors contributed 212,404 SOL, valued at $37.6 million, marking the largest on-chain raise in the popular L1 network’s history. Concurrently, the fundraise extended to Binance Smart Chain (BSC), where investors deposited $60 million, comprised of 51 million in USDT and 8 million in DAO tokens. This achievement positioned Pundu as the second-largest raise ever on BSC as well.

This smashing raise comes amidst the meme coin mania gaining traction during the ongoing bull run. 

Led by @0xWayneePundu, Pundu is the first meme coin fair launched on DAO Maker, which boasts 200,000+ KYC’ed users and an ecosystem of high-quality startups. After helping projects raise capital in bear markets, creating technology solutions that expand community empowerment in tokenized developments, and supporting enterprise blockchains to generate new product portfolios for growth, DAO Maker has been leading the euphoria currently permeating the market. 

Pundu is the latest one on DAO Maker, which aims to change the meme coin narrative by emerging as a benchmark for fair launch projects. This way, it combines the fun and exciting spirit of meme culture with the commitment to legitimacy and innovation. 

Right at its launch, Pundu will have a Liquidity Pool of approximately $15 million so that the community can enjoy a smooth experience with faster transactions. The project has set aside 45% of its supply for LP, and another 45% is allocated to presale participants to promote decentralization and community engagement. 

Among the rest of the supply, 5% of the token supply is for marketing and CEX listing (CEX) each. Pundu’s allocation strategy ensures the project’s stellar success extends beyond its launch.

Overall, Pundu’s explosive $100M launch reshapes the meme coin world, proving that with the right mix of fun and strategy, the sky’s the limit.

Disclaimer

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About The Author

Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.

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Gregory Pudovsky
Gregory Pudovsky

Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.

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