Pump.fun is set to raise 1 billion USD through a token sale, establishing a total valuation at 4 billion USD, engaging both public and private investors.
The potential valuation positions Pump.fun as a notable crypto unicorn. The platform has generated 622 million USD in revenue and aims to bolster trading activity through its new decentralized exchange, PumpSwap.
Market performance shows a decrease in Solana meme tokens since the announcement, with established meme tokens experiencing varying levels of decline. Notably, dogwifhat (WIF) has seen a slight gain, contrasting recent trends.
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