Pump.fun to Launch Its Own Token in $1 Billion Raise at $4 Billion Valuation

Key Points

• Pump.fun is preparing to sell a new token with a target raise of $1 billion.

• The token is expected to launch with a $4 billion valuation, according to insider sources.

• The platform has enabled the creation of nearly 11 million Solana-based tokens since early 2024.

Pump.fun, a platform built to simplify the creation of Solana-based memecoins, is planning a token sale that could raise $1 billion, according to sources cited by Blockworks.

The token will reportedly be sold to both public and private investors.

Three people familiar with the matter said the token valuation is expected to reach $4 billion. Although the exact launch date remains unconfirmed, a recent social media post from the company suggested the token may go live within the next two weeks.

Pump.fun has grown rapidly since its launch in early 2024. Designed to let users create Solana tokens easily and at no cost, the platform has already generated over $700 million in cumulative revenue.

Nearly 11 million tokens have been created using the service, contributing to a total market capitalization of around $4.5 billion, according to Blockworks Research.

The platform’s growth has helped position it as a significant player in the evolving memecoin sector. It has also responded to rising competition by modifying its core services.

One notable change was the launch of its own automated market maker (AMM), which ended its previous unofficial integration with the decentralized exchange Raydium.

Pump.fun has also introduced a mobile app and reinstated a live-streaming feature that was briefly removed due to concerns about content moderation. These updates suggest the platform is aiming to enhance user engagement and infrastructure ahead of the planned token issuance.

The expected $4 billion valuation would classify Pump.fun as a new unicorn in the crypto industry. This move comes at a time when memecoins continue to attract speculative interest and capital inflows, particularly within the Solana ecosystem.

As of now, Pump.fun has not provided an official comment or confirmed further details about the sale or the token’s structure.