{"id":101904,"date":"2024-11-28T18:31:19","date_gmt":"2024-11-28T22:31:19","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=101904"},"modified":"2024-11-28T18:32:31","modified_gmt":"2024-11-28T22:32:31","slug":"secondlane-lists-pump-fun-equity-stake","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/secondlane-lists-pump-fun-equity-stake\/","title":{"rendered":"SecondLane Lists Pump.fun Equity Stake at $1.5B Valuation"},"content":{"rendered":"\n

The private market site reports that Pump.fun\u00a0<\/a>has $15 million\u00a0equity up for grabs.<\/p>\n\n\n\n

\"SecondLane<\/figure>\n\n\n\n

SecondLane has listed an equity interest in the memecoin protocol Pump.fun with a fully diluted valuation (FDV) of $1.5 billion.<\/p>\n\n\n\n

The private markets trading platform priced the 1% equity stake in Pump.fun at $15 million, making it available on SecondLane\u2019s web app and its Telegram channel, where new offerings are announced.<\/p>\n\n\n\n

Pump.fun, a popular Solana-based memecoin platform, has not yet launched a native token. According to Pitchbook\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, it previously received equity investments from Alliance DAO, Big Brain Holdings, and 6th Man Ventures.<\/p>\n\n\n\n
\"SecondLane

Source:\u00a0<\/em>SecondLane<\/em><\/use><\/svg><\/span><\/a><\/figcaption><\/figure>\n\n\n\n

In October, the Pump.fun team hinted at plans for a future token launch and an upgraded trading terminal called \u201cPump Advance,\u201d though no timeline was provided for the token release.<\/p>\n\n\n\n

High Revenue and Memecoin Frenzy<\/h2>\n\n\n\n

Pump.fun ranks as the eighth highest-earning blockchain protocol, just behind established names like Circle, the issuer of USD Coin, and the decentralized exchange Uniswap, according to DefiLlama. <\/p>\n\n\n\n

Over the past 30 days, it generated $86 million in fee revenue, and its cumulative fee revenue now exceeds $225 million.<\/p>\n\n\n\n

\"SecondLane
Source:\u00a0<\/em>CoinGecko<\/em><\/use><\/svg><\/span><\/a><\/figcaption><\/figure>\n\n\n\n

This performance stems from a memecoin trading boom, predominantly on Solana, the platform\u2019s native layer-1 blockchain. <\/p>\n\n\n\n

The memecoin market as a whole has surged, reaching a market capitalization of over $122 billion, fueled by venture capital and political speculation, according to CoinGecko.<\/p>\n\n\n\n

Pump.fun enables users to \u201claunch a coin that is instantly tradeable for under $2 in one click\u201d and offers a \u201cFor You algorithm\u201d that adjusts in real-time based on user activity, as stated on its X account.<\/p>\n\n\n\n

However, data from Dune Analytics shows that around 98% of memecoins proposed on the platform fail to launch successfully.<\/p>\n\n\n\n

Mixed Reactions to Memecoins<\/h2>\n\n\n\n

The rise of memecoins has divided the crypto community. Some, like Murad Mahmudov, view memecoins as a valid use case for crypto, arguing they strip the speculation premium from altcoins. <\/p>\n\n\n\n

Others, including Jimmy Song, consider memecoins<\/a> a negative influence, describing them as the peak of speculative gambling.<\/p>\n","protected":false},"excerpt":{"rendered":"

The private market site reports that Pump.fun\u00a0has $15 million\u00a0equity up for grabs. SecondLane has listed an equity interest in the memecoin protocol Pump.fun with a fully diluted valuation (FDV) of $1.5 billion. The private markets trading platform priced the 1% equity stake in Pump.fun at $15 million, making it available on SecondLane\u2019s web app and […]<\/p>\n","protected":false},"author":56,"featured_media":101909,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[710,650,275,4042],"class_list":["post-101904","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-business","tag-memecoin","tag-solana","tag-venture-capital"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/11\/SecondLane-Lists-Pump.fun-Equity-Stake-at-1.5B-Valuation.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/101904","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=101904"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/101904\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/101909"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=101904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=101904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=101904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}