NiftyNoon: Will a Pump.Fun $1 Billion Token Raise Rug All Memecoin Liquidity? 🦄💰🪙
Memecoin launchpad Pump.fun is reportedly planning a $1 billion token sale, potentially valuing the platform at $4 billion (June 4, 2025)
Nifty Thought:
The market is buzzing with reports that Pump.fun, the popular Solana-based memecoin launchpad, is aiming to raise a staggering $1 billion through a token sale. Sources from Blockworks suggest this sale could come with a $4 billion valuation. Since its debut in early 2024, Pump.fun has facilitated the creation of nearly 11 million tokens and has impressively generated over $700 million in cumulative revenue, underscoring its significant impact on the memecoin phenomenon. The platform has also been actively developing, recently introducing its own automated market maker (AMM) and a mobile application. While official details regarding the token's launch date or the platform it will be issued on are yet to be confirmed, a recent post on X hinted that it might happen within the next couple of weeks. Unconfirmed rumors circulating also suggest potential tokenomics like a 100% unlock on day one for public investors, with a 12-month cliff for the team and private investors, and a user airdrop that might not occur on the initial launch day.
The news seemed to cause a brief dip in Solana's (SOL) price on speculation that this raise may be to fuel an eventual competing L1 chain. Although $SOL subsequently saw a partial recovery it is still down significantly day-over-day. Similarly, many major memecoins also saw substantial price dips. Many traders fear a supposed $1 billion Pump.fun token raise would drain the memecoin market of future liquidity, similar to how the massive Yuga Labs Otherdeeds mint tanked the NFT market. On the flip side, a substantial airdrop of a token with non-memecoin buyers may seed the market with an influx of capital. At this point, it is difficult to say definitively until official details around the token are shared.
Highlighted News:
💊 Sources confirm to Blockworks that pumpdotfun will sell its token at a $4 billion valuation:
https://x.com/Blockworks_/status/1929996664129106175
💳 The Trump Organization has zero involvement with new wallet product:
https://x.com/donaldjtrumpjr/status/1929965961341247842
🪙 @CirrusNFT on pump ICO:
https://x.com/CirrusNFT/status/1930030633796931633
💀 pumpfun token is liquidity death for all tokens without diehard cults behind them, pre and post launch:
https://x.com/izebel_eth/status/1930022880617869351
🦕 The @claynosaurz ecosystem has just created demand for 95, 371 collectibles expansion booster packs, on a new chain:
https://x.com/Cabanimation/status/1929917779009790152
Project and Community News:
President Trump's Truth Social files for Bitcoin ETF: https://x.com/WatcherGuru/status/1930009996621951056
Looks like Trump's World Liberty (@worldlibertyfi) is airdropping 47 $USD1 to every wallet that participated in the $WLFI sale: https://x.com/lookonchain/status/1930094453823549456
Update on GENIUS Act amendment negotiations: https://x.com/EleanorTerrett/status/1929964618014748983
One amendment to the GENIUSAct attempts to latch the Credit Card Competition Act (CCCA) onto it: https://x.com/JamesCz19/status/1925183362873827617
Coinbase Advanced is adding support for 12 new assets as collateral for perpetual futures: https://x.com/coinbasetraders/status/1929944746748792867?s=46
First PumpFun seed round was valued at $12M. Meaning seed investors are already up 322x on $PUMP at this round and probably up 1000x at TGE: https://x.com/MiyaHedge/status/1930018561088504138
Web3Auth is now part of @Consensys: https://x.com/Web3Auth/status/1929576542117810203
$300,000 for new deposits. Live now on Folks Finance: https://x.com/FolksFinance/status/1929939460554215684
If you participated in Phase 2 of the $LOUD IAO you should now see 0.15 SOL sent back to your wallet: https://x.com/stayloudio/status/1929815056184979783
Join the $LOUD cult on @cultsdotfun: https://x.com/stayloudio/status/192971226034548332sOHdBdh6sfaZlAi_jXvg
The next phase of Base Batches starts now: https://x.com/ryangittleson/status/1929921844750037353?s=46
$HERO Earnings Update: =https://x.com/onchainheroes/status/1929908588849574344
The @rektdrinks mint is now live on OpenSea: https://x.com/opensea/status/1929931083144983019?s=46
Claynosaurz just launched their companion collection, Popkins, on @SuiNetwork: https://x.com/vohvohh/status/1929923939070853220?s=46
Quick Stats:
👾 Blur ETH Daily Volume: 458.33 ETH (▼ 15.68%)
🌊 OpenSea ETH Daily Volume: 840.27 ETH (▲ 7.75%)
🟠 BTC : $104,330.11 (▼ 0.97%)
🔷 ETH: $2,598.86 (▼ 0.78%)
🟣 Solana: $154.89 (▼ 3.30%)
🟪 Polygon: $0.21 (▼ 1.49%)
Top NFT Sales:
CryptoPunks #6458: 64.00 ETH
CryptoPunks #1870: 49.85 ETH
CryptoPunks #2947: 47.80 ETH
NFT Daily Winners:
⛩ Azuki: 2.22 ETH (▲ 5.03%)
🏴☠ Captainz: 0.39 ETH (▲ 2.88%)
🐵 NodeMonkes: 0.03 BTC (▲ 2.00%)
🚬 CryptoPunks: 45.48 ETH (▲ 0.03%)
🧙♂️ Taproot Wizards: 0.18 BTC (► 0.00%)
🏳🌈 Chromie Squiggles: 4.49 ETH (► 0.00%)
NFT Daily Losers:
🦧 Bored Ape Yacht Club: 13.24 ETH (▼ 0.07%)
👩🏻 Milady Maker: 2.56 ETH (▼ 0.12%)
🍭 Mocaverse: 1.51 ETH (▼ 0.15%)
🧦 Bitcoin Puppets: 0.04 BTC (▼ 2.38%)
😡 Mad Lads: 33.99 SOL (▼ 2.86%)
🐧 Pudgy Penguins: 9.18 ETH (▼ 3.37%)
💼 Ordinal Maxi Biz: 0.02 BTC (▼ 4.10%)
🐱 Quantum Cats: 0.03 BTC (▼ 7.86%)
👾 Tensorians: 2.60 SOL (▼ 8.60%)
Notes:
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