From Zero to $4 Billion: Pump.fun’s Memecoin Empire Seeks New Investors

TLDR

Pump.fun plans to raise $1 billion through a token sale at a $4 billion valuation, targeting both public and private investors The memecoin platform has generated over $700 million in cumulative revenue since launching in early 2024 Users have created nearly 11 million tokens on the platform with a combined market cap of roughly $4.5 billion The token sale could launch within two weeks according to social media posts, though official timing remains unconfirmed Solana active addresses have increased to 7.6 million, supporting the platform’s growth on the blockchain

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Pump.fun, the popular memecoin creation platform, is preparing to raise $1 billion through a token sale. Sources familiar with the matter told Blockworks that the sale would value the company at $4 billion.

SCOOP: Sources confirm to Blockworks that pumpdotfun will sell its token at a $4 billion valuationhttps://t.co/Dk8aVTNfeB

— Blockworks (@Blockworks_) June 3, 2025

The token sale will include both public and private investors. The exact launch date remains unclear, though a recent social media post suggested it could happen within two weeks.

Pump.fun launched in early 2024 as a Solana-based platform that allows users to create tokens instantly and for free. The platform became a breakout success during the memecoin boom of 2024.

The company has already generated over $700 million in cumulative revenue according to Blockworks Research data. This revenue stream has positioned Pump.fun as one of crypto’s most successful platforms in its category.

Source: Blockworks Research

Users have created nearly 11 million new tokens on the platform since its launch. These tokens currently have a combined market cap of approximately $4.5 billion.

Platform Growth and Competition

The platform’s success comes as competition increases among token launchpads. Pump.fun has made several updates to maintain its market position.

The company recently launched an automated market maker (AMM) that ended its unofficial partnership with Raydium. This change gives Pump.fun more control over its token trading infrastructure.

Pump.fun also released a mobile app to expand user access. The platform restored its live streaming feature after temporarily suspending it due to content moderation issues in late 2023.

The platform’s growth reflects broader trends in the Solana ecosystem. Solana’s low transaction costs and fast processing times make it attractive for memecoin creation and trading.

Solana Network Activity

Solana active addresses have shown strong growth recently. The network saw addresses increase from around 5.6 million in mid-May to 7.6 million in early June.

Source: Glassnode

This increase in active addresses suggests growing user engagement across the Solana ecosystem. Higher address counts typically indicate increased trading and platform usage.

The $4 billion valuation would make Pump.fun one of crypto’s latest unicorn startups. The valuation reflects investor confidence in the memecoin market and Solana’s infrastructure.

SOL token prices have remained around $200 as traders and analysts watch for potential price movements. Some analysts predict a potential rally based on recent trading activity.

The platform’s success demonstrates the appeal of user-friendly token creation tools. Pump.fun’s simple interface has attracted both casual users and professional traders.

Pump.fun did not respond to requests for comment about the token sale plans. The company has not officially confirmed the timing or structure of the proposed fundraising round.

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