After making the launch of Memecoin possible for common people, Pumpfun, the most promising startup in the crypto world, is going to bring a fundraising plan. Pumpfun, a popular Solana-based memecoin launchpad, is preparing to sell a token of $1 billion. The company is going to do this token sale at a valuation of around $4 billion.
However, it is not yet clear what will be the launch date of the token and whether this sale will happen directly on the Pumpfun platform. But discussions about it on X have heated up the market, according to some users, this token can go live in the next two weeks.Pumpfun became the hero of the Mimecoin revolution
On Pumpfun, users can generate their own Solana Token in a few seconds, without any fees or coding knowledge. Due to this, this platform launched in 2024 very quickly caught the attention of the users and Pumpfun started a new wave in the Mimecoin market. So far, more than 11 million tokens have been created on the platform and their total market cap has reached $4.5 billion. Its model is very easy and attractive for both creators and investors, due to which Pumpfun has started being counted among the top names in the world of token launchpad.
Now on the basis of its growth rate, Pump.fun is preparing to create the next "crypto unicorn", this token launch is being seen as an effort in this sequence.
Pump.fun is making itself user friendly with constant updates
It is not that Pump.fun is the only Mimecoin launchpad in the crypto world. Token launchpads like Believe, LetsbonkFun, DaosFun are constantly challenging it. But Pumpfun still dominates with more than 70% market share in terms of token launching on Solana Network. Because since its launch, this platform has made many important updates to make itself user friendly. Such as:
AMM (Automated Market Maker): AMM is a decentralized trading model that allows traders to transact through smart contracts without any counterparty. It makes trading fast, cheap and automatic, which is very beneficial for Web3 users.
Pump.fun Mobile App: This mobile app is available on both Android and iOS platforms. Users can generate a new Solana wallet by logging in with email or Google account on the app. This wallet is based on the Privy infrastructure, which improves both security and user experience.
Creator Revenue Sharing Program: Pumpfun plans to share 50% of its total income with token creators.
Reform in Live Streaming Feature: This feature was earlier suspended due to complaints about content moderation, but now it has been relaunched. Pumpfun has improved it and relaunched it. Live streaming gives creators and token promoters a direct channel where they can connect with a live audience about their token, and bring real-time involvement in trading.
Conclusion
Pumpfun has made memecoin and token launching easy and fun in a very short time. A $1 billion token sale and a potential valuation of $4 billion could make it a powerful crypto startup.
Looking at the meme trends and the user growth of the platform, it would not be wrong to say that Pumpfun is all set to become one of the most talked about crypto companies in the coming times. Now it remains to be seen how the market responds to this new asset after the token launch.