Pump.fun, a well-known memecoin platform on Solana, is planning one of the biggest token sales in the crypto world this year. The platform is aiming to raise $1 billion at a $4 billion fully diluted valuation. By raising such a large amount, Pump.fun could become a crypto unicorn, which would
Alon Cohen, co-founder of Solana-based meme coin launchpad Pump.Fun, has voiced strong criticism over Coinbase’s Layer 2 network Base and its recent auto-minted token experiment. He made it clear that his platform has “no plans to follow suit.” The issue arose when a post from Base’s official X account “Base
The leading DEX on Solana, Raydium (RAY), took the biggest blow and slipped over 33.27%. The drop follows the report that Pump.fun, a Solana-based token issuance platform, is planning to launch its automated market maker (AMM). A replacement of Raydium for its AMM would result in a bearish sentiment for
Pump.fun, a Solana-based memecoin launchpad, is reportedly testing a new in-house automated market maker (AMM), which could potentially replace Raydium as the primary decentralized exchange for tokens launched on its platform. This development was initially reported by Aggr News on X (formerly Twitter), reporting that this innovation might challenge Raydium’s
