Pump.fun Spikes 8% After Pre-IPO Token Launch for OpenAI, Polymarket

Solana-based crypto launchpad Pump.fun has launched pre-IPO tokens tracking potentially high blue-chip growth private companies before their IPO. PUMP is up 8% following the development, but the pre-IPO stocks are still in their early, highly volatile phase. Pump.fun has officially launched tokens tracking the market value and sentiment of major companies before their initial public offering (IPO). Powered by @PreStocks, the debut features pre-IPO assets and paired memecoins. Previously, launching a memecoin on the platform required SOL or USDC as the underlying quote asset.