It didn't sell out in under one minute. It was more like 12 minutes and was being sold from different platforms. Check out the official Pump.fun tweet. Token distribution is going to happen in the next 48 –72 hours but will remain locked until the distribution is done.
Forget about the premarket bullshit, we will get to know about the actual value of the token once the trading has officially started and has gone on for a few hours or days.
there can be delay though before listing, but i still think using pre-market price to determine the actaul listing price is still one of the surest bet one can make haha! there's high chance of going more higher than the pre-market coupled with BTC surging with 121K this morning
The token wouldn't be different from the rest tokens that after distribution and listed in an exchange the actual price will increase for a while and after some hours or days, the price will dump below the initial price. PUMP has been listed in Kucoin exchange one hour ago and the current price is $0.005357. I will advise you to sell this token if you are holding them the moment you see profit, so that you don't regret holding it.