What to know:
- Imagine the memecoin universe: Pump.fun, the flashy launchpad, is apparently aiming to scoop up a cool billion dollars in a token sale. Yes, with a ‘b’.
- The big dream? A $4 billion fully diluted valuation—because what’s a little cosmic fortune amongst friends?
- Meanwhile, Solana’s SOL token took a modest 2% nosedive on this news—probably because everyone was busy trying to figure out what ‘fully diluted valuation’ even means.
According to the illustrious Blockworks (who, by the way, couldn’t quite confirm when all this will happen or if the new tokens will even make it onto pump.fun), the platform is on a mission. It’s designed to let anyone, absolutely anyone, whip up their own tokens on the Solana blockchain—think of it as digital Play-Doh for grown-ups trying to cash in.
Since launching less than a year ago, pump.fun has reportedly raked in more than $700 million—because apparently, making money is easier when you’re dealing in tokens that may or may not be just fancy digital pictures.
Meanwhile, Solana’s SOL token saw its value slip by about 2%, but has since managed to bounce back roughly halfway—probably to impress the crypto media and confuse everyone a bit more.
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2025-06-04 00:32