Howell, Sabrina, Marina Niessner, and David Yermack. "Initial Coin Offerings: Financing Growth with Cryptocurrency Token Sales." Review of Financial Studies 33, no. 9 (September 2020): 3925–3974.
Pump.fun, the popular Solana-based memecoin launchpad, has completed its PUMP token’s initial coin offering (ICO). The massive success of the ICO comes amidst criticisms of Pump.fun and early concerns ...