Memecoin Platform Pump.Fun Pursues $1 Billion Token Sale

A platform dedicated to highly speculative cryptoassets is planning to raise $1 billion by selling tokens, taking advantage of the current wave of positive sentiment buoying digital-asset markets.

Pump.fun, which has been compared to the edgy 4chan social media network, allows users to quickly create, promote and sell memecoins, a type of token often associated with jokes and memes and sometimes with celebrities and US presidents.