Velocity Capital investor: I heard that pump.fun did not have an airdrop, and the offering valuation may be $5 billion

Odaily News Velocity Capital investor DeFi Cheetah posted on X that the rumors he heard about pump.fun’s financing include:

1. There will be no airdrop, but a whitelist will be set for public sale;
2. The public offering has a financing target of $800 million and a valuation of $5 billion;
3. VC will also have a quota of US$200 million, and the valuation is also US$5 billion;
4. The public sale will be conducted on most major CEXs, which are preparing for it.
According to previous news, Blockworks had reported earlier that pump.fun plans to raise $1 billion through token sales with a valuation of $4 billion.