Pump.fun plans to raise $ 1 billion through token sales, with two sources with knowledge of the case to blockworks.
Three sources said the sale would come on $ 4 billion token assessment.
The tokens will be sold to both public and private investors, the sources said. Blockworks could not immediately confirm when the token is ready to be live or whether it would be released on the pump. However, A Post The X was teased that it could come in the next two weeks.
Possible $ 4 billion token valuation will be mint pump. A year later as Crypto’s latest unicorn startup.
Pump.fun did not immediately return several requests for comment.
Read more: How 3 projects show the rise of consumer crypto
Pump.fun – A Memcoin Launchpad that allows anyone to spin his own Solana token immediately and for free – was a breakout hit with Crypto users after launching at the beginning of 2024. The app has already produced more than $ 700 million, according to blockworks, according to blockworks data,
Users have on stage Molded About 11 million new tokens are about $ 4.5 billion with current cumulative market cap.
As Competition Heat, pump between token launchpads. Fun has made some updates to his main business – most especially when it launched an AMM, which ended its informal partnership with radium.
Read more: Tarking the top protocol of Solana by fees
Pump.fun also recently launched a mobile app and re -released a live streaming facility temporarily suspended after complaints of material moderation at the end of last year.
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