Popular Solana meme coin launchpad – Pump.fun – could be launching its own token soon.
Blockworks broke the news a couple of hours ago, citing two sources with knowledge of the matter.
In the report, it was revealed that the Pump.fun token will be sold to both public and private investors, with the goal of raising $1 billion.
The exact date in which the token will go live was not included in Blockworks’ report. However, cues from X suggest it could be happening in the next two weeks.
So far, community reactions to the announcement have been mixed – some are a bit skeptical, while many others are increasingly optimistic that the move could reignite the Solana ecosystem’s bullish frenzy.
Pump Fun announced $1B token presale at $4B FDV. Lots of controversy on the timeline right now about it.
When it’s launched will you be buying?
— Ctrl Wallet ✜ (@Ctrl_Wallet) June 3, 2025
Is the upcoming Pump.fun token the next best presale to watch?
Pump.fun Prepares to Launch a $1 Billion Token Sale At $4B FDV, Community Reacts
Pump.fun is currently trending on X following reports that it will be launching a $1 billion token sale at $4B FDV.
For those unfamiliar, Pump.fun is the launchpad that basically popularized meme coins over the past year. It allows anyone – regardless of their technical level – to spin up their own tokens on Solana with just a button.
Since its debut in 2024, not less than 11 million tokens – currently boasting a cumulative market cap above $4.5 billion – have been minted on Pump.fun, elevating the market position of Solana as a hub for meme coins.
More so, according to on-chain data, the launchpad has generated over $700 million in overall revenue.
However, in spite of its widespread adoption, Pump.fun hasn’t been without controversy – ranging from rug pulls to live-streaming disasters.
Barely a few months ago, a trader known as “MistaFuccYou” shot himself during a livestream on X after losing $500 to a rug pull associated with a meme coin launched on the platform.
Similarly, its livestreaming feature – introduced to help meme coin creators raise the visibility of their tokens and build hype – at a time became a hub of degrading on-air stunts. Users performed degrading acts, with some even going as far as faking suicide in a bid to pump their coin.
Amid mounting backlash late last year, the feature was temporarily deactivated – though it has now been revived with strict moderation policies that ban content involving violence and other illegal activity.
Pump.fun has also integrated some updates into its platform, with the most recent one being an AMM. Considering it already ditched Raydium for its own DEX, Pump.fun now accounts for a large percentage of volume on the entire Solana ecosystem.
And now that the platform is planning to launch its own token, things are about to get even more interesting on Solana.
Assuming the reported raise materializes, Pump.fun would become crypto’s newest unicorns, and perhaps one of the first meme coin infra plays to achieve such a milestone.
Several crypto analysts continue to share their thoughts on the protocol’s latest move, with some describing the $1 billion target as unrealistic.
However, others like Nick O’Neil are somewhat optimistic about the token launch, saying Pump.fun has demonstrated its ability to successfully execute the projects it undertakes.
PUMP FUN TO DROP $1 BILLION TOKEN SALE AT $4 BILLION VALUATION pic.twitter.com/YxNA9uoOe2
— Nick O’Neill (@chooserich) June 3, 2025
Solaxy – A High-Potential Crypto Presale Revolutionizing Solana
Regardless of whether Pump.fun hits its raise target, it’s becoming increasingly evident that its upcoming token launch will fuel another meme coin trading frenzy on Solana.
However, unlike in previous hype cycles when heightened investor activity often resulted in network congestion and downtime, things are about to take a new shape on Solana – thanks to the emergence of Solaxy.
A Hyperlane-powered Layer-2 solution, Solaxy enters the market with a clear goal – which is to tackle Solana’s network congestion issue during high-traffic periods. The architecture is laced with data availability tools such as Celestia to prevent transaction failure, improve transaction throughput, and ensure zero downtime.
Adding a feather to its cap is its multi-chain bridge, combining the strength of Solana and Ethereum to deliver an optimal user experience.
While still live on presale, Solaxy is already hitting the ground running. Its Testnet went live recently, demonstrating its commitment to delivering all the promises highlighted in its whitepaper.
Meanwhile, deep-pocketed investors have been quick to recognize SOLX’s potential, pouring six-figure investments even as the presale nears its end. At the time of writing, the SOLX presale has raised over $43 million – making it the most in-demand crypto ICO of Q2 2025.
As SOLX prepares for its DEX debut – which might possibly coincide with the start date of the Pump.fun token sale – momentum is building fast.
Little wonder that prominent analysts including Cilinix Crypto are eyeing anywhere between 10x and 100x returns from SOLX.
Visit Solaxy Presale
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