Pump.fun plans $1B token sale at $4B valuation: Sources

Pump.fun’s own token is coming soon, sources tell Blockworks

article-image

Pump.fun and Adobe modified by Blockworks

share

Pump.fun plans to raise $1 billion via a token sale, two sources with knowledge of the matter told Blockworks. 

Three sources said the sale would come at a $4 billion token valuation. 

The token will be sold to both public and private investors, sources added. Blockworks could not immediately confirm when the token is set to go live or whether it will be issued on the pump.fun platform. However, a post on X teased that it could come in the next two weeks.

The potential $4 billion token valuation would mint pump.fun as crypto’s latest unicorn startup after a year in which it helped ignite a memecoin frenzy.

Pump.fun did not immediately return multiple requests for comment.

Read more: How 3 projects show the rise of consumer crypto

Pump.fun — a memecoin launchpad that allows anyone to spin up their own Solana token instantly and for free — was a breakout hit with crypto users after launching in early 2024. The app has already generated over $700 million in cumulative revenue, according to Blockworks Research data

Source: Blockworks Research

Users on the platform have minted nearly 11 million new tokens with a current cumulative market cap of roughly $4.5 billion. 

As competition heats up among token launchpads, pump.fun has made some updates to its core business — most notably when it launched an AMM that ended its unofficial partnership with Raydium. 

Read more: Tracking Solana’s top protocols by fees

Pump.fun also recently launched a mobile app and re-released a live streaming feature it had temporarily suspended after content moderation complaints late last year.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

Industry City | Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

Brooklyn, NY

SUN - MON, JUN. 22 - 23, 2025

Blockworks and Cracked Labs are teaming up for the third installment of the Permissionless Hackathon, happening June 22–23, 2025 in Brooklyn, NY. This is a 36-hour IRL builder sprint where developers, designers, and creatives ship real projects solving real problems across […]

recent research

Research

article-image

Sponsored

The blockchain creates a fair environment where AI agents and users can access deep liquidity without MEV or other forms of value extraction

article-image

After upping its offer multiple times, Circle is finally trading on the NYSE

article-image

Circle goes public on the NYSE Thursday — here’s what to expect

article-image

Sponsored

WalletConnect is the default for secure, scalable onchain interaction — but this isn’t a peak, it’s the launchpad

article-image

Circle’s stock is expected to price at $31 and will go public on the NYSE Thursday