Pump.fun Raises $1 Billion: Threatens Memecoin Liquidity, Experts Warn

Pump.fun, a dominant force in memecoin creation on the Solana blockchain, is preparing to raise $1 billion through a token sale that industry experts warn could impact the broader cryptocurrency market’s liquidity. This massive offering, set to rank among the largest in crypto history, has sparked intense debate over its potential consequences for the hundreds of new memecoins launched daily by the platform. The token sale is still in early stages but remains a cause for concern as it poses risks of diverting demand away from existing memecoins and Solana ecosystem assets. ]