Crypto Startups Secure Over $3.2 Billion in July Investments

In July, crypto projects raised $3.21 billion across 130 funding rounds, according to data from CryptoRank.

Since the beginning of the year, investment in the industry has reached $20.7 billion. For comparison, the total for 2024 was $13.8 billion.

In July, the most active investors were Colosseum (9 deals), Coinbase Ventures (7), and Animoca Brands (5).

Monthly Leaders

On July 12, the “meme coin factory” Pump.fun conducted a public sale of the PUMP token, raising $590 million. The ICO concluded in 12 minutes. However, contrary to its announcement, the project sold 2 billion fewer coins than the planned 150 billion — 15% of the total supply.

A small portion of the sales occurred through centralized exchanges such as Bybit, Kraken, and Bitget. Some platform users faced delays in processing requests and were unable to secure PUMP allocations.

The ICO price of the coin was $0.004. After the token sale, the asset’s price briefly dropped to $0.002. By the end of the month, the rate had recovered to $0.0028 (CoinGecko).

In July, Pump.fun lagged behind not only its direct competitor LetsBonk on Solana but also the Zora launchpad on the L2 solution Base in terms of meme coin issuance.

On July 28, the stablecoin-focused blockchain project Plasma completed the XPL token sale, attracting $373 million. This amount exceeded the target of $50 million by more than seven times.

“The beta version of the Plasma mainnet will launch with a TVL of $1 billion in stablecoins, marking the fastest achievement of this figure in history,” the team stated.

On July 25, the Hong Kong-based crypto platform OSL Group announced the completion of an equity financing round totaling $300 million.

“This capital raise marks a significant milestone on our journey and reflects strong confidence in OSL’s digital asset strategy and execution. The financing will accelerate our global expansion, particularly in regulated payment infrastructure and access points,” noted the company’s CFO, Ivan Wong.

At the beginning of the month, Upexi announced the sale of 12.4 million common shares at $4 each. Simultaneously, the firm agreed to place Solana (SOL)-backed convertible bonds worth $150 million. The total funds raised amounted to $200 million.

Specializing in the development, production, and distribution of consumer goods, Upexi has diversified into the cryptocurrency sector. The company emulates the digital asset treasury strategy of Michael Saylor, but focuses on SOL rather than Bitcoin.

Earlier, Galaxy Digital analysts compared the corporate crypto reserve boom to the stock market bubble of the 1920s in the United States.