According to CoinDesk, Meme coin issuance and trading platform GraFun will expand to the Ethereum network on Wednesday. Its developers stated that expanding to Ethereum will help GraFun attract a new audience, tap into higher liquidity of Meme coin issuance, and increase its popularity among cryptocurrency traders.
It is reported that GraFun uniquely offers a "fair curve" model, which developers claim can minimize rug-pull risks. Floki owns over 40% of GraFun's shares, with other supporters including DWF Labs.