🦎🚀 Would you pay $1.5B for Pump.fun? 💊

Friday, November 29, 2024

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In today's news:

A good deal or a pricy proposition? 💸
Better late than never, but is it? ⌛

Read on!

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A good deal or a pricy proposition? 💸

SecondLane, a marketplace for trading private allocations, has listed an equity interest in Pump.fun, at a fully diluted valuation of $1.5B.

According to the platform, the 1% stake means that the platform is putting up $15M worth of equity up for sale.

Previously, Pump.fun raised an equity round from investors such as Alliance DAO, Big Brain Holdings, and 6th Man Ventures.

The team had also confirmed earlier in October that they will launch a token, as well as an improved trading terminal known as Pump Advanced.

However, no concrete details have been revealed about the launch timeline or whether there will be a token airdrop for users.

While $1.5B may seem like alot, it is comparable to other similar projects as Pump.fun, such as Virtuals Protocol, which recently saw its market cap surge by 52% from just under $900M to $1.35B.

Catch up on the latest developments in the crypto markets from the last few weeks!

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Better late than never, but is it? ⌛

GambleFi project Mpeppe has distributed 25% of tokens supposedly allocated to initial investors through a new claims portal.

However, some investors claim that the tokens can't even be sold due to a lack of liquidity.

The project was accused of holding a fake presale earlier in August, during which it accepted funds but did not release any tokens to participants.

The remaining 75% of tokens owed to presale participants have yet to be delivered.

Get ready for Black Friday with our selection of some of the top deals in the crypto space, featuring Ledger, Trezor, Trading View, Crypto.com, and more!

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