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Author: Alex O’Donnell, CoinTelegraph; Compilation: Baishui, Bitchain Vision
According to its platform,SecondLane has listed equity in the memecoin agreement Pump.fun, with a full dilution valuation (FDV) of $1.5 billion.
The private equity trading platform lists a 1% stake in Pump.fun for $15 million on SecondLane’s web app and SecondLane’s Telegram channel for new products.
The Solana memecoin platform has not yet launched native tokens.According to Pitchbook data, the company has previously received equity investments in Alliance DAO, Big Brain Holdings and 6th Man Ventures.
Source: SecondLane
In October, the team behind Pump.fun revealed plans for future token offerings and newly upgraded trading terminals called “Pump Advance”.The Pump team did not provide a specific timetable for future token issuance.
According to DefiLlama,Pump.fun is the eighth highest-revenue blockchain protocol, ranking just below giants such as USD Coin issuer Circle and decentralized exchange (DEX) Uniswap.Over the past 30 days, Pump.fun has generated $86 million in fee income.
Source: CoinGecko
Pump.fun’s performance comes from the memecoin transaction frenzy, which mainly occurs on Pump.fun’s native Solana (Layer 1 Blockchain).According to DefiLlama, its cumulative expense revenue exceeded $225 million.
According to CoinGecko, driven by venture capital funds and political speculation,memecoin’s market value is currently over $122 billion.
Pump.fun promises to let users “release a token that can be traded immediately for less than $2 with just one click”, and its “For You algorithm uses your past operations on Pump dot fun to plan a feed of real-time changes.”.
Dune Analytics data shows thatAbout 98% of potential meme coins on the Pump.fun platform have never been successfully launched.
Memecoin has evoked different reactions from the crypto community.Some influential people, such as Murad Mahmudov, believe that Meme coins provide legitimate use cases for cryptocurrencies by eliminating speculative premiums in altcoins.
Others, such as Jimmy Song, believe that Meme coins are a net negative impact on investors and represent the height of speculative gambling.
