Sources: Pump.fun considers distributing protocol revenue to PUMP token holders

According to a report by Jinse Finance, The Block reported that two informed sources revealed that Pump.fun is seeking to raise $1 billion through an initial coin offering and is considering sharing protocol revenue with potential token holders. It is currently unclear how much of Pump.fun's revenue (if any) will be allocated to the upcoming PUMP tokens through a "buyback-driven utility structure," nor is it certain whether this will include revenue generated by the decentralized exchange PumpSwap launched earlier this year. Pump.fun did not respond to multiple requests for comment.