Burve Protocol plans to acquire pump.fun at a valuation of 50 million dollars

ChainCatcher news, the token launch platform Buve Protocol on Base and BNB Chain plans to acquire the Solana-based meme token launch platform pump.fun for a valuation of $50 million and integrate its channels into the Burve LOL meme token launch system.

According to the RootData platform, Burve Protocol, developed by Burve Labs, is a consensus-driven protocol for fair token release, trading, earning, and AMM (automated market maker) that serves multiple chains. It enables individuals or organizations to create tokens and AMM economic models in a cost-effective, fair, and efficient manner. Pump is a meme coin launch platform where users can launch a token that can be traded immediately without providing liquidity.