Analysis: Pump.fun likely to launch major airdrop

Cryptocurrency trader and influencer Miya (@MiyaHedge) said on X that Pump.fun, a Solana-based memecoin launchpad, held its first seed round at a $12 million valuation. Seed investors have already seen returns of over 322 times their initial investment and could gain up to 1,000-fold returns at the token generation event (TGE). Miya added that much of the token supply will likely be airdropped to users, who are already drawn to the platform’s gambling-like mechanics, causing the liquidity to flow back into Pump.fun.