Summary
- pump.fun is planning to raise $1 billion through a token sale.
- Sources said the fully diluted valuation (FDV) of the token will reach $4 billion.
- The token sale will target both individual and institutional investors.
On the 3rd (local time), cryptocurrency media outlet Blockworks reported, citing sources, that Solana (SOL)-based meme coin issuance platform pump.fun plans to raise $1 billion through a token sale.
Several sources stated, "The exact token launch timing or issuance platform is not yet known, but the fully diluted valuation (FDV) of the token will reach $4 billion," adding, "The token sale will target both individual and institutional investors."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
