The Memecoin Launchpad Pump.fun, based in Solana, is meant to organize for a token sale of $ 1 billion with an evaluation of $ 4 billion.
On June 3, a community member posted on X via a pump -fun -token -Start inside the following two weeks, with the lists on several central stock exchanges and a ten% airdrop being assigned to the community members.
The speculation increased in keeping with a block works report, citing anonymous sources by which the launchpad -known for its immediate -token -creation function -would collect 1 billion US dollars by a token sale. The report claimed that three sources confirmed that the sale would have a worth of $ 4 billion.
Pump.fun has not yet confirmed or rejected the reports in its official channels and has not given any details concerning the profit or the beginning mechanics of the token.
CoinTelegraph has turned to Pump.Fun, but has not received a solution from publication.
Source: Nextfckinginghming
Community reacts to pump. Fun token rumors
The response within the crypto community was mixed.
The crypto influencer Ansem said that it couldn’t “wait” for the token, and quoted his potential list of the everlasting futures decentralized exchange hyperliquid.
Ash Crypto, Pump.fun, became Altcoin investors in Memecoin player. “Pumpfun ruined Crypto Space,” she wrote, adding that the platform had already “extracted” 700 million US dollars, while a majority lost money from the token starts.
From June 4, the info unit Defillama showed that the Pump.Fun protocol had achieved a cumulative turnover of around 677 million US dollars.
The crypto analyst Miles German said that a possible pump -fun -token -start has and bad side. The analyst said it was good to earn cash when users are qualified. However, German said that the token start for crypto is a net bad:
“Most people don't move away. They simply buy and hold and felt the indirect adversarial effects of pump fun.”
Defillama developer 0xngmi questioned the potential increase. The pseudonymous developer asked how the platform would invest the funds in the event that they were sitting on almost 700 million US dollars that they’d not yet spent. “What are you planning with 1 billion?” Asked the developer.
Token rumors come by 66% in the course of a monthly drop in sales
The rumored increase takes place under a severe decline in monthly income for pump.fun. According to Defillama, the platform generated 46.6 million US dollars in May, which decreased by around $ 137 million by 66%.
The rumors also got here in the course of a slowdown within the Memecoin room. Dealers have questioned the long -term livelihood of memorials since the tokens have a robust decline in value. The CoinmarketCAP data showed that the general market capitalization for Meme-based tokens on June 4 has dropped by $ 64 billion, which is as a consequence of a decrease of over 54% in comparison with $ 137 billion in December.
