MEDIA LEARNED ABOUT THE PREPARATION OF PUMP.FUN TOKEN SALE FOR $1 BILLION WITH A VALUATION OF $4 BILLION
The "meme-token factory" Pump.fun plans to raise $1 billion through the sale of PUMP among public and private investors. This was reported by Blockworks, citing informed sources.
The price of the asset will be set based on the platform's valuation of $4 billion.
The token sale may take place within two weeks. An airdrop is presumably planned.
According to Dune Analytics, the launchpad has earned $622 million in fees during its existence. 19.45 million registered addresses have issued almost 10.7 million tokens.
The peak of activity occurred in November 2024 and January 2025.
According to research, the "army of bots" on Pump.fun generates 60-80% of the trading volume for some coins to create FOMO and drive up prices.
In March, the "meme-token factory" launched its own DEX PumpSwap on Solana, opting out of working with Raydium.
In April, the Pump.fun developers restored streaming access for all users of the platform.
In May, the team introduced a reward mechanism for creators of meme tokens.
