Pump.fun is preparing a $1 billion token sale at a valuation of $4 billion
Date: 2025-06-04 Author: Gabriel Deangelo Categories: BUSINESS
Meme token launcher Pump.fun is planning a large-scale funding round with a potential airdrop, sources close to the situation told Blockworks. The PUMP token sale will be held among both private and public investors. The entire platform will be valued at around $4 billion, and the price of the tokens will be determined based on this amount.
The event may take place in the next two weeks. An airdrop is also possible, which could attract additional attention to the token sale from the community.
According to the analytical platform Dune Analytics, Pump.fun has earned about $622 million in fees alone since its launch. The service has been used by 19.45 million unique addresses, which have created almost 10.7 million different tokens. The highest user activity was recorded in November 2024 and January 2025.
However, it was not without criticism. According to analytics, 60% to 80% of the trading volume of some meme coins on the platform may be generated by bots. This "bot army" is allegedly used to create FOMO and artificially inflate prices.
In March 2025, the Pump.fun team released its own decentralized exchange called PumpSwap, which runs on Solana, abandoning the use of Raydium. In April, the developers restored access to all streaming features for users. In May, they introduced a reward system for authors of new tokens to stimulate further development of the platform.
However, Blockworks Research believes that Pump.fun's dominance among Solana launches may weaken. New competitors are emerging, experimenting with different approaches, from revenue redistribution to new “bonding curves” algorithms.
It is worth noting that according to CoinGecko, meme tokens have become the most popular cryptocurrency trend in the first quarter of 2025, which highlights the growing interest in such platforms.
Thus, the upcoming token sale could become one of the largest events in the meme token sector, and its success or failure will directly affect the future of Pump.fun and its role in the market.
