Memecoin Launchpad Pump based in Solan is similar to preparing for the sale of tokens worth $ 1 billion with a valuation of $ 4 billion.
June 3 community member Published on launching the FUN pump token in the next two weeks, with offers for many centralized exchanges and 10% Airdrop intended for community members.
Speculation intensified by blocks report Referring to anonymous sources, which said Launchpad – known for the function of immediate creation of tokens – would raise $ 1 billion by selling tokens. The report stated that three sources have confirmed that the token would be priced at $ 4 billion.
Pump.Fun must still confirm or refuse reports on its official channels and has not presented key details regarding the usability or mechanics of starting the token.
Cointelegraph reached out to the FUN pumps, but did not receive an answer by the publication.
The community responds to rumors about tokens.
The reaction in the cryptographic community was mixed.
Cryptographic influential loops he said “He can’t wait” to the token, citing his potential list on the towering futures decentralized hyperlic exchange.
Personality of social media ash Crypto he said Pump.Fun turned Altcoin investors into Hazard Memecoin. “Pumpfun ruined the space of cryptocurrencies,” they wrote, adding that the platform “extracted” $ 700 million, while most lost money on starting tokens.
On June 4, Aggregator Data Donnelam can be seen that the FUN pump protocol has gained cumulative revenues of approximately $ 677 million.
Cryptographic analyst Miles Deutscher he said The potential pump has a good and bad side. Foundation of the token. The analyst stated that he is good to earn money if users are qualified. However, Deutscher said that the launch of the token is bad for cryptography:
“Most people did not dig. They just buy and hold, and feel indirect negative effects of fun.”
Dellam’s developer 0xngmi challenged a potential raise. The nicknamed developer asked how the platform would invest the funds if almost $ 700 million were sitting, which they did not spend yet. “What are they planning to do with 1bn?”, Developer he asked.
Related: Trump Memecoin portfolio in “Absolute Chaos” as a family org unconscious launch
Gossip token appears among a 66% decrease in monthly revenues
Rumors of increases occur among a edged decline in monthly revenues for FUN pumps. In May, the platform generated USD 46.6 million, which is a 66% decrease compared to USD 137 million, According to To Donnela.
Rumors also appear among the slowdown in Memecoin space. Traders question the long -term life of Memecoin because tokens have shown rapid decreases in value. Coinmarketcap data shows that the general market capitalization for memes based on memes dropped by $ 64 billion on June 4, which is over 54% compared to December by $ 137 billion.
Warehouse: Memecoins are ded – but Solana “100x better” despite the decrease in revenues
