Pump.fun is launching its own token! 💰
The memecoin launchpad is reportedly raising $1 billion at a $4 billion fully-diluted valuation. Rumors say that the token will be 100% unlocked on day one.
The popular launchpad, came online in early 2024 and has generated $700M in revenue. Users minted 11 million new tokens.
Critics say pump.fun killed alt season by diluting the market with new tokens. Others claim that active platform users will receive a huge airdrop.
Whichever the case, Pump.fun would be the latest crypto unicorn.