According to rumors, the same launchpad pump.fun is preparing for a sale of $ 1 billion tokens for an evaluation of $ 4 billion.
On June 3, a member of the community published on X about a launch of Token Pump. Fun in the next two weeks, with lists on several centralized exchanges and an air plateau of 10% allocated to members of the community.
Speculation has intensified itself following a blockworks report citing anonymous sources saying that the Launchpad – known for its creation of instant tokens – would increase $ 1 billion thanks to a token sale. The report said three sources have confirmed that the sale would be estimated at $ 4 billion.
Pump.fun has not yet confirmed or refused reports on its official channels and has not provided details concerning the utility or the launching mechanisms of the token.
Cointelegraph stretched out Pump.fun but had not received an answer by publication.
The community responds to rumors of pump chips.
The reaction through the cryptographic community was mixed.
The influencer of Crypto Ansem said that he “could not wait” the token, citing his potential list on the decentralized perpetual decentralized exchange.
The personality of social media ASH Crypto said that Pump.Fun transformed Altcoin investors into players even. “Pumpfun ruined cryptographic space,” they wrote, adding that the platform had already “extract” $ 700 million while a majority lost money from the launched tokens.
As of June 4, the data aggregator Defillama showed that the Pump.Fun protocol had gained cumulative turnover of around $ 677 million.
Crypto Miles Deutscher analyst said there was a good and bad side to a potential launch of pump chips. The analyst said it was good to make money if users are qualified. However, Deutscher said that launching tokens is a bad bad for crypto:
“Most people are not priced. They buy and simply hold, and have felt the indirect undesirable effects of the pleasure of the pump. ”
The Defilma 0xngmi developer questioned the potential increase. The pseudonym developer asked how the platform would invest the funds if they were seated in nearly $ 700 million they had not yet spent. “What do they plan to do with 1 billion?” Asked the developer.
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Rumors in chips occur in the middle of a 66% drop in monthly income
The increase in rumors comes in the middle of a sharp drop in monthly income for pump. Fun. In May, the platform generated $ 46.6 million, down 66% compared to $ 137 million in January, according to Defilma.
Rumors also came in the middle of a slowdown in the same space. The merchants have questioned the long -term viability of the mecoins because the tokens have experienced strong drops of value. Coinmarketcap data has shown that the overall market capitalization of memes tokens fell by $ 64 billion on June 4, down more than 54% compared to 137 billion dollars in December.
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