Pump.fun Token Sale Delayed: Cryptocurrency Value Within Reach
Amid volatile crypto markets, Pump.fun has once again postponed its official token sale, which was scheduled for June 25. Sources familiar with the matter said that most of the IPO calls have been postponed multiple times since the project announced its plans to acquire its native token, raising questions about the meme platform’s strategy and credibility in the crypto community.
Token-Free Platform and Backup Revenue
Pump.fun is still operating as an official tokenless platform, after its TGE and token sale were postponed again. According to sources, they were planning to raise up to $1 billion, aiming for a $4 billion valuation. The postponement comes just days after the suspension of the Pump.fun X account along with influencers in the Solana ecosystem. Currently, the platform relies heavily on pre-market trading on the Aevo DEX, along with batch sales of tokens to private pre-sale crypto funds, which are expected to account for 60% of the total PUMP supply.
On-chain Touch Data and Fundraising Potential
On-chain data shows that there have been special purchases, based on stablecoin deposits into the Pump.fun affiliate wallet. Around $70 million will likely be raised through initial token sales to investors, before the official TGE. While the initial sale pace may be slow, it is expected that the token sale event will be completed in just a few minutes, pushing PUMP’s value above $6 billion.
Revenue and Profit Sharing Potential
In its active year, Pump.fun has generated over $760 million in cumulative revenue, leading the community to question the need for a large capital raise or a new token issuance. However, revenue sharing opportunities continue to drive strong interest in PUMP, with the platform now generating over $2 million in daily trading fees and users expecting airdrops as rewards for active activity.
PUMP Token Price In Cryptocurrency Market Popular Coin
Despite the official postponement, investors are still watching the price of PUMP on the pre-market. Currently, PUMP is only at $5.85, with an open interest of only $12,000, showing low interest but still full of expectations as the market witnessed a peak of over $7. This token is expected to reach a fully diluted value of over $6 billion.
PUMP price on Aevo exchange, peaking above $7 in perpetual contract trading, despite very low volume. | Source: Aevo
PUMP's pre-market trading mainly reflects the general interest and increases the market reach of this Token.
The Value and Appeal of the Meme Market
The target valuation for the PUMP sale is around $4 billion, or $4 per token. Many predict that PUMP is still undervalued, especially compared to competing markets like Hyperliquid that are based on monthly fees. If the token does not evaporate quickly due to immediate selling pressure, it could well reflect the performance of the market.
The increased competition between meme tokens has also resulted in many different ticker variations, even memes released in the early days of Pump.fun. There is currently no on-chain evidence to confirm the official Token or mention that any Token will be widely accepted.
Source: https://tintucbitcoin.com/pump-fun-token-dau-gia-hoan-lan-nua/
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