Pump.fun is preparing to launch his own token, with plans to raise up to $ 1 billion in initial sales. According to some reports, the sale could enhance the project token at around $ 4 billion.
The token will be offered to private and public investors. The reports suggest that the sale could take place in the next two weeks, although no official date has been announced.
Beincryptto reported earlier than the launch could take the form of an air ticket or an liquidity priming pool (LBP). Each option is delivered with compromises, but the project has not yet revealed the route it will take.
Speculation around the launch intensified today after rejecting it renamed a previously listed token. The token, originally called “pump”, was linked to Pumpbtc, a liquid ignition protocol for Babylon.
Bybit changed the ticker to “pumpbtc”, leaving “pump” available.
This decision sparked a new discussion within the cryptographic community, with a lot of pointing towards a launch of probable tokens by the platform based in Solana. This speculation has now been confirmed.
Pump.fun has not yet published other technical or tokenomic details.
This is a history in development, and more information is expected in the coming days.
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