Pump.fun, the popular Solana-based meme coin launchpad, is reportedly preparing to raise $1 billion through a token sale, potentially valuing the company at $4 billion, according to Blockworks, citing insiders familiar with the deal.
The upcoming token sale is expected to be open to both public and private investors, with social media hints suggesting a launch could occur within the next two weeks, as reported on June 3.
If successful, this would mark Pump.fun as one of crypto’s newest unicorn startups in 2025—the same year it helped drive the meme coin craze.
PUMP Token Launch Anticipated
While details remain unclear regarding the exact timing or whether PUMP tokens will be listed on exchanges or limited to the platform, social media posts hint at an imminent release.
Since its early 2024 launch, Pump.fun has experienced significant growth, allowing users to create tokens instantly and for free on the Solana blockchain. The platform has facilitated the creation of over 11 million tokens, generating approximately 3.3 million SOL (~$517 million) in revenue, according to Dune Analytics.
However, trading volumes have sharply declined—dropping nearly 80% since the peak of the meme coin boom in January. DeFiLlama reports a similar 70% decrease in daily volume over the past six months.
Despite the downturn, Pump.fun has stayed competitive by launching its own automated market maker (AMM), ending its partnership with Raydium, releasing a mobile app, and reinstating a live streaming feature after a temporary suspension due to content moderation issues.
Meme Coin Meltdown Continues
Most meme coins, often dismissed as speculative tokens with little functional value, have collapsed since their January highs, dragging down Solana’s revenue and network activity, which heavily relies on meme coins.
Major meme tokens like Fartcoin, Pudgy Penguins, and Popcat have suffered double-digit losses. Similarly, Pepe, Bonk, and Floki remain in the red, while Donald Trump’s namesake meme coin has plunged 85% from its all-time high, trading near $11 at the time of writing.
Reports also highlight that many Solana-based meme coins are scams or pump-and-dump schemes, contributing to the ongoing meltdown.
