EddieJayonCrypto
3 Jun 25
Pump.fun, a Solana-based memecoin launchpad, is considering a token sale aiming to raise $1 billion with a $4 billion fully diluted valuation. The sale will target both public and private buyers, though details on the token launch platform and sale structure are unspecified. Since its January 2024 l...
Pump.fun is planning a $1 billion token sale that would value its Solana-based memecoin launchpad at $4 billion on a fully diluted basis. The platform enables instant and free token creation on Solana, with nearly 11 million tokens launched since its January 2024 debut. Pump.fun generates revenue by charging fees on token trading through its decentralized exchange, PumpSwap, accumulating over $732 million in fees to date.
After launching PumpSwap in March 2024 to capture trading volume migrating from other exchanges, the platform quickly surpassed $100 million in total value locked within just two months. In May 2024, Pump.fun introduced a rewards program that pays token creators 0.05% of the trading volume on Pump.fun and PumpSwap in SOL tokens. Based on an estimated $18 billion in combined trading volume for May, this program could distribute up to $9 million in rewards to creators.
The token sale will target both public and private buyers, though details on the token's launch process and sale structure remain undisclosed. Pump.fun continues to expand its offerings, maintaining strong user engagement despite growing competition in the token launchsector. This ambitious sale and reward initiative reflect the platform's rapid growth and evolving ecosystem within the Solana blockchain space.