
Pump.Fun’s $1 Billion Token Sale Raises Liquidity Concerns for Memecoin Universe | Stock Market News
Source: Live Mint (Bloomberg) — Pump.fun’s decision to raise $1 billion is sparking concern that a token sale by the most popular platform for creating memecoins risks siphoning demand away from the hundreds of coins issued daily through the website. The platform, which is based on the Solana blockchain, is still in the early stages…