SecondLane, a private markets trading platform, has listed a 1% equity stake in Pump.fun for $15 million.<\/p>\n
This puts Pump.fun\u2019s fully diluted valuation (FDV) at $1.5 billion.<\/p>\n
The stake can be purchased on SecondLane\u2019s web app and through its Telegram channel, where new offerings are regularly announced.<\/p>\n
Pump.fun, which has yet to launch a native token, is a Solana-based platform built around the meme coin trading frenzy. It has attracted a significant user base and boasts considerable transaction volume.<\/p>\n
According to DefiLlama data<\/a>, Pump.fun is currently the eighth highest-earning blockchain protocol, just below key players such as Circle and Uniswap. Over the past 30 days, it has generated $86 million in fees, and its cumulative fee revenue exceeds $225 million.<\/p>\n PitchBook shows<\/a> that it has also raised funds from notable investors, including Alliance DAO, Big Brain Holdings, and 6th Man Ventures.<\/p>\n In October 2024, the Pump.fun team hinted at a future token launch, although they did not provide a specific timeline for the event. They also shared plans for an upgraded trading terminal called \u201cPump Advance,\u201d which is expected to introduce mini-charts, data on top holders, and social indicators to help traders navigate the increasingly crowded meme coin market.<\/p>\n Despite its popularity, Pump.fun is facing quite a few challenges. Data from Dune Analytics shows<\/a> that about 98% of meme coins listed on the platform have failed.<\/p>\n To address this, the team behind the project introduced<\/a> an $80 incentive in August 2024 to encourage token creators to complete the bonding curve and successfully list their tokens on Raydium. The platform has also slashed its token launch fee from $2 to zero.<\/p>\n The platform was also recently forced to press pause<\/a> on its livestream feature following increased cases of inappropriate content. Some users had resorted to streaming acts of self-harm, threats of self-harm, or other disturbing or violent acts to pump their tokens.<\/p>\n Meme coins, which are Pump.fun\u2019s bread and butter have also caused mixed reactions within the crypto community. Prominent figures like former Binance CEO Changpeng Zhao (CZ) have criticized<\/a> the growing number of these assets, suggesting that developers should focus on creating more useful blockchain applications.<\/p>\n Ethereum co-founder Vitalik Buterin has also called <\/a>for crypto builders to stop copying and pasting meme coins and instead make them into more exciting blockchain games.<\/p>\n The post SecondLane Lists 1% Stake in Pump.fun for $15M, Valuing the Platform at $1.5B<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" SecondLane, a private markets trading platform, has listed a 1% equity stake in Pump.fun for $15 million. This puts Pump.fun\u2019s fully diluted valuation (FDV) at $1.5 billion. Token Launch and New Trading Features The stake can be purchased on SecondLane\u2019s web app and through its Telegram channel, where new offerings are regularly announced. Pump.fun, which […]<\/p>\n","protected":false},"author":0,"featured_media":24924,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-24923","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/24923"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24923"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/24923\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/24924"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Incentives Amidst High Token Failure Rate<\/h2>\n