Pump(.)enjoyable… the memecoin platform that introduced us countless superstar rug pulls, a 14-year-old scammer, and that dude who barked in a cage on stay for individuals to purchase his memecoin.
And now, they’re cooking up… their very own token?
Stories say Pump(.)enjoyable is planning a token sale to lift $1B, with a $4B valuation.
Which is… wild.
For context: to this point, launching a token at a $4B+ valuation has principally been massive L1s (like Aptos and Sui), scalable tech (like Arbitrum), or sci-fi sort loopy initiatives with big backers (like Worldcoin).
However right here we have Pump(.)enjoyable – a platform that made its title 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 increase is actual, it is gonna need to reply some inquiries to show this is not simply one other silly joke with a price ticket:
That mentioned, remember that the one sources to this point are “individuals conversant in the matter,” which, for all we all know, may simply be Bob from accounting who had a imaginative and prescient throughout his lunch break.
Nonetheless, the rumors alone have individuals speaking – and most takes aren’t bullish.
👉 Some assume this might drain liquidity out of the complete 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 revenue 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 top 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 most likely do not know. I’m wondering who may repair that… 😃🫵
Unfold the phrase and be the hero you understand you’re!
