Pump.enjoyable plans to lift $1 billion via a token sale that may assign the Solana-based memecoin launchpad a $4 billion absolutely diluted token valuation, Blockworks reported on June 3, citing two individuals accustomed to the matter.
Sources mentioned the providing will goal each private and non-private patrons. Nonetheless, they didn’t specify whether or not the brand new token will launch on Pump.enjoyable’s personal platform or give particulars on the sale’s construction.
Pump.enjoyable didn’t make a press release on the providing as of press time.
Income monitor file and product enlargement
Pump.enjoyable permits any person to create a token on Solana (SOL) immediately and at no preliminary value. In accordance with a Dune dashboard created by person adam_tehc, customers have launched practically 11 million tokens on the platform.
When a token “graduates” from its bonding curve on Pump.enjoyable and goes to PumpSwap for buying and selling, a 0.015 SOL charge is charged. Moreover, trades on PumpSwap have a 0.3% charge, a decentralized change associated to the launchpad.
The platform has generated over over $732 million in charges since its launch in January 2024. Moreover, it has continued to increase its characteristic set regardless of intensifying competitors within the token-launching sector.
First, it launched PumpSwap on March 22 to seize a few of the buying and selling exercise that exited the launchpad and entered Raydium, one other decentralized change on Solana. In lower than two months, the platform surpassed $100 million in whole worth locked.
On Could 12, Pump.enjoyable launched a program to reward token creators. Customers get 0.05% of the buying and selling quantity on Pump.enjoyable and PumpSwap paid in SOL.
DefiLlama information attributes practically $18 billion in quantity from each platforms in Could. If this system have been efficient all through everything of final month, creators would have earned $9 million in whole rewards.
