๐ Hold onto your hats, crypto enthusiasts! SecondLane has listed a 1% equity stake in the memecoin protocol Pump.fun for a cool $15 million, valuing the platform at a whopping $1.5 billion. While Pump.fun hasn't launched its native token yet, whispers of a future release and a snazzy new trading terminal, "Pump Advance," are keeping the excitement alive.
Despite the memecoin frenzy, only 2% of prospective coins on Pump.fun actually launch. But with $86 million in fee revenue last month alone, Pump.fun is laughing all the way to the crypto bank.