Pump.fun Eyes $1B Raise with Native Token as Valuation Hits $4B
Pump.fun, the viral Solana-based memecoin launchpad, is preparing to release its own native token, aiming to raise up to $1 billion with a projected valuation of $4 billion. Sources say the token will be available to both public and private investors, possibly launching within the next two weeks. Since its debut in early 2024, Pump.fun has enabled the creation of over 11 million tokens and generated more than $700 million in sales, becoming a major player in the memecoin space. In response to rising demand and competition, the platform has introduced its own automated market maker (AMM), distanced itself from Raydium, launched a mobile app, and revived its live-streaming feature. As interest in Solana memecoins continues to grow, Pump.funโs token launch could mark a major leap in its evolution and firmly establish it as a crypto unicorn.
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