Pump.fun is a memecoin platform on Solana, preparing for a $1 billion initial coin offering (ICO) at a $4 billion valuation, and considering a buyback model to share revenue with token holders. The PUMP token will be fully unlocked at TGE, with 25% allocated for public sale and 10% for airdrops. Since the beginning of 2024, the platform has accumulated $677 million in revenue. This ICO is seen as a key step to revitalize the Solana ecosystem.

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