According to The Block, Pump.fun plans to sell tokens at a valuation of $40 billion, aiming to raise $1 billion.
According to Blockworks, citing anonymous sources on Tuesday, the meme coin generation platform Pump.fun, which is driving the revival of the Solana ecosystem, is planning to raise $1 billion through token sales, with a valuation as high as $4 billion.
It is reported that the tokens will be offered to both public and private investors, but the specific issuance time and platform for the tokens are currently unclear. The Block has contacted the relevant person in charge of Pump.fun to verify the news.
Pump.fun launched in early 2024 and is one of the most notable platforms in the past year. The platform allows any user to quickly and easily create and deploy tokens, and has now become the issuance and trading center for the vast majority of meme coins on the Solana chain, greatly boosting the network's revenue growth.
According to data from The Block, Pump.fun's peak daily revenue exceeded $7 million on January 23, although it has now dropped to about $1 million daily.
The platform is designed with a 'Bonding Curve' mechanism that automatically adjusts token prices based on supply and demand.
In the initial stage, when a meme coin's market capitalization on Pump.fun reaches $69,000, it will 'graduate' and migrate to the decentralized trading platform Raydium on Solana. However, Pump.fun later launched its own automated market maker (AMM) platform, PumpSwap, attracting widespread market attention. Raydium then quickly retaliated by launching a competitive meme coin issuance tool, LaunchLab.
In addition, Pump.fun has also re-launched the live streaming feature that was previously suspended due to content regulation controversies, becoming the focus of community discussions once again.
