People familiar with the matter: Pump.fun plans to raise $1 billion through a token sale at a valuation of $4 billion
PANews reported on June 4 that according to Blockworks, citing a number of people familiar with the matter, the Solana ecological meme coin platform Pump.fun plans to raise $1 billion through token sales, with a valuation of $4 billion, for public and private investors. Although the official release time has not yet been confirmed, the platform's social accounts hint that it may be launched within two weeks. Since its launch in early 2024, Pump.fun has generated nearly 11 million tokens for users, with a total market capitalization of about $4.5 billion and cumulative revenue of more than $700 million. The platform's peak daily revenue was more than $7 million, and it is currently about $1 million per day.
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