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Popular Solana meme coin launchpad – Pump.fun – could be launching its own token soon.
Blockworks broke the news a couple of hours ago, citing two sources with knowledge of the matter.
In the report, it was revealed that the Pump.fun token will be sold to both public and private investors, with the goal of raising $1 billion.
The exact date in which the token will go live was not included in Blockworks’ report. However, cues from X suggest it could be happening in the next two weeks.
So far, community reactions to the announcement have been mixed – some are a bit skeptical, while many others are increasingly optimistic that the move could reignite the Solana ecosystem’s bullish frenzy.
