PANews June 4th news, according to Blockworks citing multiple informed sources, the Solana ecosystem meme coin platform Pump.fun plans to raise $1 billion through a token sale, with a valuation of $4 billion, targeting public and private investors. Although the official release date has not been confirmed, the platform's social media accounts suggest it may go live within two weeks. Since its launch in early 2024, Pump.fun has generated nearly 11 million tokens for users, with a total market value of about $4.5 billion, cumulative revenue exceeding $700 million, and has launched AMM and mobile applications, breaking away from its partnership with Raydium. The platform's peak daily revenue exceeded $7 million, and is currently about $1 million per day.
