Laura Shin
@laurashinCould Pump buy its way into mass adoption? Many have wondered what they could possibly do with $1B. @RyanWatkins_ has some ideas 💡
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Pump.fun's $1 Billion PUMP Token Sale at $4 Billion Valuation Includes 10% Airdrop, Revenue Sharing
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Pump.fun, a meme token launch platform, is considering a $1 billion token sale for its PUMP token at a $4 billion valuation. The strategy includes distributing protocol revenue to token holders, with a revenue-sharing mechanism that could involve buying back tokens. The total supply of PUMP tokens is expected to be capped at 1 trillion, with the private sale currently priced at $0.004 per token. Additionally, 25% of the token supply will be allocated to the public sale, and 10% is reserved for an airdrop.
Recent data indicates that only 1.76% of wallets using Pump.fun have made profits exceeding $1,000, underscoring the high-risk nature of meme coin investments. Over the past month, the average trader on the platform lost $500, with nearly 350,000 people losing money, while only 45 traders made over $50,000.
The planned token sale has sparked controversy within the crypto community, with some expressing concerns about the timing and valuation of the ICO. Pump.fun's daily revenue has decreased from a peak of over $7 million to about $1 million, yet it has generated approximately $700-800 million in total revenue since its launch in early 2024.
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