Pump(.)enjoyable… the memecoin platform that introduced us infinite movie star rug pulls, a 14-year-old scammer, and that dude who barked in a cage on reside for folks to purchase his memecoin.
And now, they’re cooking up… their very own token?
Experiences say Pump(.)enjoyable is planning a token sale to boost $1B, with a $4B valuation.
Which is… wild.
For context: thus far, launching a token at a $4B+ valuation has principally been huge L1s (like Aptos and Sui), scalable tech (like Arbitrum), or sci-fi sort loopy initiatives with enormous backers (like Worldcoin).
However right here we have Pump(.)enjoyable – a platform that made its identify off fast-and-loose memecoin launches, has no confirmed long-term utility, can simply be copied (like Solar Pump on TRON) – aiming for $4B.
So, if the elevate is actual, it is gonna must reply some inquiries to show this is not simply one other silly joke with a price ticket:
That mentioned, needless to say the one sources thus far are “folks aware of the matter,” which, for all we all know, might simply be Bob from accounting who had a imaginative and prescient throughout his lunch break.
Nonetheless, the rumors alone have folks speaking – and most takes aren’t bullish.
👉 Some assume this might drain liquidity out of the whole memecoin market, similar to the TRUMP token did. In different phrases, if everybody rushes into the Pump(.)enjoyable token, different memecoins would possibly get dumped.
👉 Others see it as their exit plan. Pump(.)enjoyable as soon as mentioned they’d by no means launch a token – so now that the payment earnings is slowing, launching one feels much less like development and extra like a remaining money seize.
And since Pump(.)enjoyable has been the face of the memecoin cycle, a token sale like this might mark the tip of it – not simply because it breaks their anti-token place, however as a result of it turns a free-for-all tradition right into a monetized product.
Assuming the sale occurs in any respect.
Now you are within the know. However take into consideration your pals – they in all probability don’t know. I’m wondering who might repair that… 😃🫵
Unfold the phrase and be the hero you realize you might be!
