Common Solana-based meme coin generator Pump.enjoyable might be launching its personal token quickly, unnamed sources instructed Blockworks. The platform is reportedly planning to lift $1 billion in a token sale at a $4 billion token valuation.
The token can be offered to each private and non-private traders, the report added. Nevertheless, it was unable to verify the timing of the token launch.
Pump.enjoyable was launched in January 2024 with the objective of simplifying token creation on Solana. The platform has generated greater than $700 million in whole income since launching over a yr in the past, the report added.
Early this yr, co-founder Alon Cohen denied any rumors in regards to the launch of a possible Pump.enjoyable token.
“I might advise to not take heed to something that didn’t immediately come from Pump.enjoyable,” he wrote on X, including that the group is especially targeted on bettering the product. He additionally hinted that it’s “dedicated to rewarding its customers correctly.”
seeing rumors a couple of potential pump enjoyable token – these are incorrect
would advise to not take heed to something that didn’t immediately come from @pumpdotfun
whereas the pump enjoyable group has primarily been targeted on bettering the product in its 1-year historical past, the group has at all times been dedicated…— alon (@a1lon9) February 9, 2025
Pump.Enjoyable Token Launch in 2 Weeks? Neighborhood Speculates
The report didn’t embody whether or not the brand new token could be issued on Pump.enjoyable. Nevertheless, cues from X counsel that the token can be launched within the subsequent two weeks, adopted by airdrop for customers.
BREAKING: @pumpdotfun launching $PUMP token in subsequent 2 weeks.
– Airdrop for customers confirmed as effectively
It's lastly coming.— nextfuckingthing (@nextfckingthing) June 3, 2025
The crypto neighborhood confirmed combined reactions, some being skeptical in regards to the launch, whereas others confirmed optimism that the transfer would reignite Solana’s bullish ecosystem.
A New York entrepreneur, Nick O’Neil, stated on X that Pump.enjoyable has demonstrated its capability to efficiently execute tasks.
“At a $4 billion valuation, that will place them as one of many prime 30 crypto tokens,” he stated in a video. “This can be a huge transfer. It’s actually going to drive a ton of liquidity for them and so they’re going to lift a ton of cash.”
There’s additionally been a whole lot of controversy surrounding Pump.enjoyable, from streaming disasters with potential suicides. Moreover, the platform additionally confronted a stop and desist case from Burwick Legislation over 200+ IP-infringing meme cash.
Solana Dips 2%, Will it Sink Additional?
On Tuesday, SOL gained practically 7%, after breaking above $159 with robust quantity. Nevertheless, the token worth dipped over 2%, because the information arrived, however has since recovered about half of the dip.
SOL is at the moment buying and selling at $156.5 at press time, per CoinMarketCap knowledge. Together with the worth motion, the entire market cap of Solana reached $81.74 billion, with a 24-hour buying and selling quantity of $3.46 billion.
Solana appears to be getting ready for a possible bullish breakout following a robust correction lately.
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