【Not listed yet, and OpenAI already has a price 💥🤖】
Group chat: 🔥 加入X先生的粉丝群聊跟进行情
A company that hasn’t gone public yet got a price on-chain last night. On October 19, Pump.fun added tokens for eight private companies to its trading platform. The list includes OpenAI and Anthropic, as well as robotics maker Figure AI. These tokens were issued on Solana and offer price exposure only. Anyone who wants to buy no longer has to wait for an IPO. 💥
The mechanics are simple. Previously, launching a new coin meant using SOL or a stablecoin as the trading pair. Now, “pre-IPO” tokens can be used as quote assets. The platform calls this feature Custom Pairs. It launched on September 9, and the range of eligible pairs was expanded on October 8. 💡
The price moved first. After the news broke, $PUMP rose 8.41%. It’s now back at $0.004409. The reasoning is straightforward: new trading pairs bring in fees. Those fees go toward buybacks and burns, and 17.2% of the fixed supply has already been burned this year. 🪙
The catch is in the fine print. These tokens offer only “synthetic exposure”—no equity and no voting rights. The companies themselves neither issue nor endorse them. U.S. users can’t buy them at all. The SEC granted tokenized stocks a five-year innovation exemption, while keeping these synthetic tokens out. ⚖️
In my view, the issue isn’t whether you can buy them. It’s the cost of trading. Overseas users pay a 3%–5% token fee just to make a short-term trade, before even factoring in slippage. After a few round trips, a chunk of your principal is already gone. If you’re hoping to make 1%, you’re down 2% as soon as you enter. 🧮
Put simply, this is more like putting a price screen on the private market. The screen being lit up doesn’t mean anyone is actually trading at that price. The price can be hyped, but equity doesn’t come with it. No matter how fast $PUMP rises, that won’t change. Whether you dare to touch it depends on whether you can stomach it going to zero. 🚩
📌 8 companies, 17.2% of supply burned, 3%–5% fees, +8.41%—what’s hot is the traffic, not ownership.
Would you dare to touch these “pre-IPO” coins?
#芯片股反弹带动美股上涨
Group chat: 🔥 加入X先生的粉丝群聊跟进行情
A company that hasn’t gone public yet got a price on-chain last night. On October 19, Pump.fun added tokens for eight private companies to its trading platform. The list includes OpenAI and Anthropic, as well as robotics maker Figure AI. These tokens were issued on Solana and offer price exposure only. Anyone who wants to buy no longer has to wait for an IPO. 💥
The mechanics are simple. Previously, launching a new coin meant using SOL or a stablecoin as the trading pair. Now, “pre-IPO” tokens can be used as quote assets. The platform calls this feature Custom Pairs. It launched on September 9, and the range of eligible pairs was expanded on October 8. 💡
The price moved first. After the news broke, $PUMP rose 8.41%. It’s now back at $0.004409. The reasoning is straightforward: new trading pairs bring in fees. Those fees go toward buybacks and burns, and 17.2% of the fixed supply has already been burned this year. 🪙
The catch is in the fine print. These tokens offer only “synthetic exposure”—no equity and no voting rights. The companies themselves neither issue nor endorse them. U.S. users can’t buy them at all. The SEC granted tokenized stocks a five-year innovation exemption, while keeping these synthetic tokens out. ⚖️
In my view, the issue isn’t whether you can buy them. It’s the cost of trading. Overseas users pay a 3%–5% token fee just to make a short-term trade, before even factoring in slippage. After a few round trips, a chunk of your principal is already gone. If you’re hoping to make 1%, you’re down 2% as soon as you enter. 🧮
Put simply, this is more like putting a price screen on the private market. The screen being lit up doesn’t mean anyone is actually trading at that price. The price can be hyped, but equity doesn’t come with it. No matter how fast $PUMP rises, that won’t change. Whether you dare to touch it depends on whether you can stomach it going to zero. 🚩
📌 8 companies, 17.2% of supply burned, 3%–5% fees, +8.41%—what’s hot is the traffic, not ownership.
Would you dare to touch these “pre-IPO” coins?
#芯片股反弹带动美股上涨