According to sources who spoke with Blockworks, the popular meme coin generator Pump.fun, based on the Solana blockchain, may be on the verge of launching its own token. The platform is reportedly seeking to raise $1 billion in a token sale, establishing a valuation of $4 billion for the new token.
The sale is expected to target both public and private investors, though specifics regarding the launch timeline remain unconfirmed.
Pump.fun was introduced in January 2024, aiming to streamline the process of token creation on the Solana network. Since its inception, the platform has reportedly amassed over $700 million in total revenue.
Earlier in the year, co-founder Alon Cohen addressed rumors regarding the launch of a potential Pump.fun token, urging caution among users. “I would advise not to listen to anything that didn’t directly come from Pump.fun,” he stated on X, emphasizing that the team’s primary focus has been on product enhancement. He also indicated the organization’s commitment to adequately rewarding its user base.
seeing rumors about a potential pump fun token – these are wrong
would advise not to listen to anything that didn’t directly come from @pumpdotfun
while the pump fun team has mainly been focused on improving the product in its 1-year history, the team has always been committed…
— alon (@a1lon9) February 9, 2025
Speculation Surrounds Possible Pump.Fun Token Launch
Although the report did not clarify if the prospective token would be issued directly through Pump.fun, indications from social media posts suggest its launch could occur within the next two weeks, followed by an airdrop for existing users.
BREAKING: @pumpdotfun launching $PUMP token in next 2 weeks.
– Airdrop for users confirmed as well
It's finally coming.
— nextfuckingthing (@nextfckingthing) June 3, 2025
The reaction within the crypto community has been mixed, with some expressing skepticism about the upcoming launch, while others remain hopeful that it could rekindle a bullish sentiment within Solana’s ecosystem.
New York entrepreneur Nick O’Neil expressed on X that Pump.fun has shown its capability to execute projects successfully. “At a $4 billion valuation, that would place them as one of the top 30 crypto tokens,” he noted in a video. “This is a massive move. It’s honestly going to drive a ton of liquidity for them and they’re going to raise a ton of money.”
However, the platform has not been without controversy, having dealt with issues related to streaming mishaps that raised concerns and a cease and desist notice from Burwick Law regarding over 200 IP-infringing meme coins.
Solana Shows Signs of Volatility Amid Token Speculation
On Tuesday, SOL experienced a nearly 7% increase after surpassing the $159 mark with significant trading volume. Yet, the token price subsequently dipped over 2% following the news, although it has since recovered nearly half of that decline.
As of the latest data from CoinMarketCap, SOL is trading at $156.5, with the total market capitalization of Solana reaching $81.74 billion and a 24-hour trading volume of $3.46 billion. The platform appears to be gearing up for a possible bullish breakout after a recent period of correction.
The report on Pump.fun’s anticipated $1 billion token sale sheds light on the latest developments within the crypto space.
