Media: Pump Fun plans to raise $1 billion in token sale

The launch of the launchpad’s native coin could take place in the coming weeks

Pump Fun plans a $1 billion token sale at a $4 billion valuation

04.06.2025 - 13:30

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3 min

What’s new? The team behind leading meme token launchpad Pump Fun on the Solana blockchain is aiming to raise $1 billion when it launches and sells a native token, Blockworks reports, citing sources. The company plans to reach a valuation of $4 billion, they said.

Material by BlockWorks

What else is known? The token sale will be held both publicly and among private investors. The team members hint that an asset could come into existence within the next two weeks, but it is currently unknown if it will be created using the Pump Fun platform.

Pump Fun allows any user with no programming knowledge and for a low fee to create their own asset. When certain trading volumes are reached, it is transferred to a decentralized exchange (DEX) on the Solana network, becoming available to a wider range of users.

Kazakhstan International Exchange, together with Solana Foundation and Jupiter, will launch a dual IPO mechanism

The parties signed a memorandum of understanding

After launching in early 2024, the platform quickly gained popularity and became the main driver of the meme coin boom, which peaked by the end of the year. It has already generated more than $700 million in cumulative revenue for its creators, and users have issued nearly 11 million coins using it, with a combined capitalization of $4,5 billion.

As competition among launchpads intensified, the Pump Fun team launched its own automated market maker (AMM), ending its unofficial partnership with Raydium, the largest Solana-DEX.

DEX Raydium on the Solana network has launched an analog of PumpFun to create meme tokens

Previously, the PumpFun team launched their decentralized exchange to preserve liquidity in their ecosystem

Pump Fun also recently launched a mobile app and made the live streaming feature available again, which was suspended late last year due to complaints about thrash content that token creators were using to draw attention to their coins.

Back in March, analysts at CoinGecko, a leading aggregator of data on the crypto market, said that failed launches and fraud had killed investor interest in meme tokens. Thus, from January to February, the trading volume on Pump Fun fell by 63%.

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