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Pump.fun, the viral Solana-based memecoin launchpad, is reportedly preparing for a massive token sale that could raise up to $1 billion.
Author: Sahil Thakur
Pump.fun, the viral Solana-based memecoin launchpad, is reportedly preparing for a massive token sale that could raise up to $1 billion. According to sources cited by Blockworks, the raise would come at a $4 billion valuation, positioning Pump.fun as one of crypto’s latest unicorns.
The sale is expected to involve both public and private investors. However, the exact launch timeline, platform for distribution, and token utility have not yet been confirmed. A recent teaser on X hinted that the launch could happen within the next two weeks.
If finalized, this would be a major fundraising event, especially for a company less than two years old. Pump.fun declined to comment on the reports.
Pump.fun was launched in early 2024 and quickly became one of the most active platforms on Solana. It allows users to mint tokens instantly and for free, using a bonding curve model to set prices based on supply and demand.
Since launch, the platform has seen over 11 million tokens minted, with a combined market cap of around $4.5 billion. It has also generated more than $700 million in revenue, according to research cited by Blockworks.
The project’s peak daily revenue hit $7 million in January 2025 but has since stabilized around $1 million per day.
Originally, memecoins that gained traction on Pump.fun would “graduate” to Raydium once they reached a market cap of $69,000. But the partnership ended after Pump.fun launched its own AMM, PumpSwap.
Raydium responded by releasing its own memecoin tool, LaunchLab, intensifying competition in the growing market for token launchpads.
Pump.fun has also expanded its feature set, introducing a mobile app and reactivating its live streaming service—previously suspended over content moderation concerns.
The platform’s growth has played a key role in Solana’s resurgence, especially during the latest memecoin boom. As it now prepares for a possible token sale, its next phase could further reshape how tokens are created and traded in the ecosystem.
Talk about controversy: Just the report has caused a massive stir in the crypto community. Some people are supporting the launch and welcoming a new token while some have called it a money making scheme with nothing to provide. This is going to be interesting going forward.
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