Pumpdotfun, a memecoin issuance platform, has raised $1 billion through an initial coin offering (ICO) and plans to distribute protocol revenue to PUMP tokenholders via a buyback-driven utility structure. This revenue-sharing model aims to reward tokenholders and potentially bolster the token's value. The platform has realized $745 million from gradual Solana token sales, with $21 million still unsold, totaling $766 million in revenue. Pumpdotfun reportedly generates approximately $200,000 in daily revenue, which annualizes to about $73 million, representing a 1.8% yield relative to its $4 billion fully diluted valuation. Market analysts have noted that while the short-term impact on Solana might be negative, the ICO could benefit the blockchain ecosystem in the medium term. Additionally, there are rumors of a potential airdrop of 10% of Pumpdotfun's token supply in the coming weeks. The platform's valuation and revenue model have sparked debate within the crypto community, with comparisons drawn to other tokens such as $KTA and $FART, which have experienced substantial market cap growth. Pumpdotfun's strategy may include funding influencers, exchanges, and possibly launching a stablecoin as part of its expansion plans.