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- Stocktwits Expands into Premium Video & SecondLane Lists $15M Equity Stake in Memecoin Protocol Pump.fun
Stocktwits Expands into Premium Video & SecondLane Lists $15M Equity Stake in Memecoin Protocol Pump.fun
The Social Leverage Letter | Issue #165
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Stocktwits (Fund II), a leading social platform for investors, is expanding into premium video content with the launch of two live shows, Daily Rip Live and Weekend Rip with Ben & Emil, offering market insights and humor for retail investors. Additionally, the platform has acquired global rights to the documentary This is Not Financial Advice, exploring the intersection of investing and social media, marking its evolution into a destination for engaging financial media.
SecondLane has acquired a 1% equity stake in Pump.fun (6MV, SLAF), a Solana-based meme coin ecosystem, at a $1.5 billion valuation, highlighting the platform's rapid growth and strong fee revenue, which ranks among the top blockchain protocols. Despite lacking a native token, Pump.fun has raised significant capital and continues to attract attention with features like easy coin launches and a personalized trading algorithm, while memecoins remain divisive within the crypto community.
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