#Pumpfun is planning to raise $1B with a $4B FDV. They're treating the crypto market like the stock market! Launching with such a high valuation leaves no room for retail investors to profit. Looks like Solana is going to be heavily drained again.
Pumpfun has made so much money in the crypto space over the past year, and now they're taking another $1B. Will this money be reinvested into the crypto ecosystem, or will it be spent on big houses, yachts, or private jets?
Market cap reference: The FDV of #Raydium, the core infrastructure of the #Solana chain, is $1.33B, while the FDV of #Jupiter, the leading aggregation Dex, is $5.46B.
Show original
15
163.49K
The content on this page is provided by third parties. Unless otherwise stated, OKX TR is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX TR. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX TR is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.