Pump.fun Plans $1B Crypto Presale for New $PUMP Token Launch
Pump.fun is transitioning from a meme coin launchpad to launching its own token, the $PUMP, marking a significant shift in its operations.
- Partnership with Raydium concluded, allowing for the launch of Pump.fun's own AMM
- Social media features reinstated on the platform
- Mobile app introduced
- Planned launch of the $PUMP token
Since its inception in January 2024, pump.fun has generated over $700 million in cumulative revenue and facilitated meme coins with a total market cap exceeding $4 billion.
Pump.fun Strategy Overview
The lifecycle for creating a pump meme involves:
- Token creation on pump.fun
- Purchasing during the bonding curve phase
- Graduation to liquidity pool upon reaching a set threshold (approximately $63K)
Pump.fun's recent moves include discontinuing its partnership with Raydium and launching PumpSwap, which allows them to retain more revenue. They share 50% of PumpSwap's revenue with token creators to incentivize further token launches.
$PUMP Token Launch Plans
Pump.fun aims to raise $1 billion for the $PUMP token, with a projected launch valuation of $4 billion. The token launch may occur within two weeks, potentially revitalizing the Solana meme coin market.
This approach utilizes a presale model, enabling better control over funding and project goals.
Other Notable Tokens in Presale
- Snorter Token ($SNORT) focuses on identifying profitable Solana meme coins, having raised over $400K in its presale.
- Solaxy ($SOLX) aims to enhance Solana’s scalability, currently raising over $43M in its presale.
- Catzilla ($MEOW), centered around cat-themed memes, has raised over $2.3M and emphasizes community engagement.
The potential launch of the $PUMP token could significantly impact the Solana meme ecosystem, supported by tools like $SNORT for token discovery and developments like $SOLX aimed at improving network capabilities.