SecondLane has listed a 1% equity stake in the memecoin protocol Pump.fun for $15 million, valuing it at a fully diluted valuation (FDV) of $1.5 billion. The trading platform indicated that the listing is part of a broader trend, as Pump.fun aims to capitalize on the rapidly growing memecoin market, which is currently over $122 billion in market capitalization. Despite not having launched a native token yet, Pump.fun has attracted equity investments from notable venture firms and has generated substantial revenue via trading fees, reaching $86 million within the last month. The protocol promises users the ability to quickly launch tradeable coins and boasts a personalized algorithm. While memecoins have supporters touting their legitimacy and potential, there are also critics who argue they represent speculative behavior in the crypto landscape.

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