The popular Solana-based meme coin launchpad, Pump.fun, is reportedly planning to raise $1 billion through a token sale that would value the company at $4 billion, according to Blockworks, citing sources familiar with the matter.<\/p>\n
The token sale will be offered to both public and private investors, with hints on social media suggesting it could launch within the next two weeks, the outlet reported<\/a> on June 3.<\/p>\n At a $4 billion valuation, the platform would become crypto\u2019s latest unicorn startup in the same year it fuelled the meme coin frenzy.<\/p>\n The report did not specify when the launch would take place or whether the PUMP tokens would be available on exchanges or just the meme coin platform, but a post on X suggested it could be soon.<\/p>\n BREAKING: @pumpdotfun<\/a> launching $PUMP<\/a> token in next 2 weeks.<\/p>\n \u2013 Airdrop for users confirmed as well<\/p>\n It\u2019s finally coming.<\/p>\n \u2014 nextfuckingthing (@nextfckingthing) June 3, 2025<\/a><\/p>\n\n The platform has been a breakout success since launching in early 2024, allowing users to create tokens on Solana instantly and for free.<\/p>\n It has facilitated the creation of more than 11 million new tokens with a combined total revenue of approximately 3.3 million SOL or roughly $517 million, according<\/a> to Dune Analytics.<\/p>\n However, volumes have plummeted<\/a> almost 80% since the height of the meme coin frenzy in January, according to Dune. DeFiLlama reports<\/a> a similar 70% slump in daily volume on the platform over the past six months.<\/p>\n Nevertheless, Pump.fun has remained competitive by launching its own automated market maker (AMM) to end its partnership with Raydium, releasing a mobile app, and reintroducing a live streaming feature that was previously suspended due to content moderation issues.<\/p>\n Most meme coins, which were largely considered non-functional degen speculation tokens<\/a>, have collapsed since their January highs. This has also impacted<\/a> Solana\u2019s revenue and network activity, which is primarily meme coin-based.<\/p>\n As high-cap cryptos show signs of recovery, meme coins continue to decline with large double-digit losses for Fartcoin, Pudgy Penguins, and Popcat.<\/p>\n Pepe, Bonk, and Floki were also in the red at the time of writing. Meanwhile, Donald Trump\u2019s namesake meme coin<\/a> has tanked 85% from its all-time high in January to trade at around $11 at the time of writing.<\/p>\n It\u2019s a tough day for the meme category today with $FARTCOIN, $PENGU<\/a>, and $BONK<\/a> among the hardest hit.<\/p>\n Are you holding any of them?https:\/\/t.co\/1sqf05lMCK<\/a> pic.twitter.com\/oxXGDELBJb<\/a><\/p>\n \u2014 CoinGecko (@coingecko) June 4, 2025<\/a><\/p>\n\n It has also been widely reported that the majority of Solana-based meme coins are scams or pump and dump schemes.<\/p>\n The post Pump.fun Reportedly Launching $1B Token Sale\u00a0as Meme Coins Melt Down<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" The popular Solana-based meme coin launchpad, Pump.fun, is reportedly planning to raise $1 billion through a token sale that would value the company at $4 billion, according to Blockworks, citing sources familiar with the matter. The token sale will be offered to both public and private investors, with hints on social media suggesting it could […]<\/p>\n","protected":false},"author":0,"featured_media":71435,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-71434","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/71434"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=71434"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/71434\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/71435"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=71434"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=71434"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=71434"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}PUMP Token Soon?<\/h2>\n
Meme Coin Meltdown<\/h2>\n