币界网报道：Pump.fun, a well-known meme coin issuance platform, is seeking $1 billion in financing at a valuation of $4 billion, sparking market discussions about its valuation. The platform's total historical revenue is $758 million, and its revenue in the past 30 days is $41.61 million, with an annualized price-to-sales ratio of about 8 times. As the meme coin market cools down, Pump.fun is trying to transform, including creating platform-native influencers to attract traffic, such as Israeli anchor Gainzy and KOL @rasmr_eth, and building a traffic matrix through a $1 million anchor incentive plan. The platform has also seen the emergence of community currencies such as $neet and $chillhouse that have the characteristics of young people's identity. Despite market doubts, Pump.fun still maintains a keen sense of the subculture of Generation Z and tries to explore new development paths in the bear market.