TechFlow reported on November 29 that, according to Cointelegraph, private market trading platform SecondLane has announced the listing of a 1% equity stake in Pump.fun at a fully diluted valuation (FDV) of $1.5 billion, priced at $15 million.
Pump.fun has previously received investments from institutions including Alliance DAO, Big Brain Holdings, and 6th Man Ventures. The platform hinted in October this year at plans to launch its native token and an upgraded trading terminal called "Pump Advance," though no specific timeline has been disclosed yet.
Data from DefiLlama shows that Pump.fun has generated $86 million in fee revenue over the past 30 days, with cumulative fees exceeding $225 million, ranking it as the eighth highest-earning blockchain protocol currently.
