Sources said the offering will target both public and private buyers. However, they did not specify whether the new token will launch on Pump.fun’s own platform or give details on the sale’s structure.
Pump.fun did not make a statement on the offering as of press time.
The platform has generated over over $732 million in fees since its launch in January 2024. Additionally, it has continued to expand its feature set despite intensifying competition in the token-launching sector.
DefiLlama data attributes nearly $18 billion in volume from both platforms in May. If the program were effective throughout the entirety of last month, creators would have earned $9 million in total rewards.
