Pump.fun is aiming to secure $1 billion through a token offering, according to information shared by two individuals familiar with the situation, reported.
Three individuals familiar with the matter said the company plans to conduct the token sale at a $4 billion valuation.
Sources mentioned that the token is expected to be offered to both private and public investors. has not yet verified the official launch date or whether the token will debut on the pump.fun platform. However, a recent post on X hinted that the release could take place within the next two weeks.
Pump.fun is on track to become the crypto sector’s newest unicorn startup, with a projected token valuation of $4 billion. Over the past year, the platform played a key role in fueling a memecoin surge.
Pump.fun remained unresponsive to several inquiries for comment, despite repeated attempts made by reporters.
Pump.fun, a platform that enables users to instantly and freely create their own Solana tokens, emerged as a standout success among crypto enthusiasts following its debut in early 2024. According to data from Research, the app has already amassed over $700 million in total revenue.
Users on the platform have created close to 11 million new tokens, contributing to a total market capitalization that now stands at approximately $4.5 billion.
With rivalry intensifying among token launchpads, pump.fun has introduced several changes to its core model — most significantly by launching its own automated market maker (AMM), effectively concluding its informal collaboration with Raydium.
Pump.fun recently launched a mobile application and reinstated its live streaming feature after briefly pausing it due to content moderation concerns reported late last year.
