$PUNDU Breaks Record, Raises 212,404 SOL, Surpasses 33,333 SOL Hardcap

The meme coin $PUNDU, launched on DAO Maker, has set a new record for the largest Solana token raise, amassing over $97.6 million in final deposits. The fundraising event saw $PUNDU raising 100,000 SOL in just 28 hours and eventually collecting a total of 212,404 SOL, surpassing the hardcap of 33,333 SOL, leading to an oversubscription of 613%. The raise included significant contributions across different platforms, with $60 million in deposits on BSC ($51 million in USDT and 8 million in DAO) and $37.6 million on Solana. The campaign was marked by a high level of interest, resulting in a final allocation of 15.69% of SOL deposits to participants. The overwhelming response necessitated refunds, with the Solana platform managing refunds to over 20,000 contributions, a process complicated by its capacity to send SOL to only 20 wallets per transaction. The successful raise and subsequent refund process underline the strong market interest in $PUNDU and the efficiency of the DAO Maker platform in managing large-scale token launches.