PUMP, the native token of Solana-based meme coin platform Pump.fun, is gaining attention amid rumors of a major token launch. Although not officially listed yet, PUMP-related activity has surged on decentralized platforms, reflecting growing hype. This comes as Pump.fun reportedly plans to raise $1 billion through a token sale at a whopping $4 billion valuation, according to sources cited by Blockworks.
The potential token launch, though unconfirmed by the team, is rumored to go live in the next two weeks, with community speculation pointing toward a user airdrop. The token will be sold to both public and private investors, and at $4 billion, could make Pump.fun one of the top 30 crypto projects by valuation.
Launched in January 2024, Pump.fun has turned into a viral engine for meme coin creation on the Solana blockchain, making token deployment as easy as a few clicks. Since its inception, the platform has already generated over $700 million in revenue, according to the report.
While co-founder Alon Cohen previously denied token rumors, stating updates must come directly from Pump.fun, he also hinted that the team is committed to rewarding users properly. This has fueled speculation that an airdrop might follow the token launch.
Entrepreneur Nick O’Neil commented that a $4B valuation puts Pump.fun in elite company, calling it a “massive move” that could bring significant liquidity and user growth to the Solana ecosystem.
Despite its success, Pump.fun has had its share of issues. The platform reportedly received a cease-and-desist from Burwick Law for hosting over 200 meme coins with IP violations. Plus, disturbing livestream content has sparked community backlash. However, these controversies haven’t slowed user interest.
Solana’s price (SOL) dropped over 2% following the report but quickly recovered half the losses. At press time, SOL trades at $156.5 with a market cap of $81.74 billion and a daily volume of $3.46 billion. The network is showing signs of strength, with analysts pointing to a potential bullish breakout in the near term.
As the countdown to Pump.fun’s token launch begins, Solana’s meme coin frenzy may just be getting started.
Pump.fun is a Solana-based platform for creating meme coins easily, generating over $700M in revenue since launching in January 2024.
Although not confirmed, community speculation and team hints suggest a potential airdrop for Pump.fun users during the token launch.
Pump.fun has faced issues like IP violations and disturbing livestreams, but these haven’t stopped its growing popularity in the Solana ecosystem.
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