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
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