Solana meme coin launchpad Pump.fun is planning to raise $1 billion in a token sale with a fully diluted valuation (FDV) of $4 billion, according to a report by Blockworks.
Citing sources familiar with the matter, Blockworks said that the token will be sold to both private and public investors.
Pump.fun Token Might Launch In The Next Two Weeks
There has been no confirmation of a deadline for the token launch by either Blockworks or Pump.fun. But a recent X post, citing confirmation by sources close to the team, suggests the token fundraise might start within the next two weeks.
BREAKING: @pumpdotfun launching $PUMP token in next 2 weeks.
– Airdrop for users confirmed as well
It's finally coming.
— nextfuckingthing (@nextfckingthing) June 3, 2025
According to the X user that made the post and who is a self-proclaimed full-time meme coin trader, an airdrop for the token has also been confirmed.
The potential $4 billion valuation would make Pump.fun the latest crypto unicorn startup, after it revitalized the Solana ecosystem and triggered a SOL meme coin rally last year.
Data from Dune Analytics shows the platform has generated more than $622 million in cumulative revenue since its launch in early 2024. It also reached a peak daily revenue of $7 million on Jan. 23, a figure that has dropped to around $1 million a day recently.
Token Launch Would Be Latest Salvo In Raydium-Pump.fun Rivalry
The rumored token launch comes after Pump.fun launched its own Automated Market Maker (AMM) called PumpSwamp, severing its ties with Raydium in the process.
Raydium then responded by launching its own meme coin generator called LaunchLab.
CoinMarketCap data shows SOL dropping since news of the Pump.fun plan, extending its weekly loss to over 10% to trade at $156.48 as of 2:27 a.m. EST.
Pump fun: announce token launch
SOL: pic.twitter.com/gqbr95BxKL
— CRG (@MacroCRG) June 3, 2025
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