- Pump.fun is reportedly planning to raise $1 billion through a token sale
- The memecoin platform will conduct the sale at a valuation of $4 billion
- The sale is rumored to be in the next 14 days
Memecoin platform Pump.fun is rumoured to be planning a token sale to raise $1 billion in the next two weeks, at a valuation of $4 billion. Citing sources familiar with the development, Blockworks disclosed that the token will be sold to both “public and private investors,” and the token will be listed on major centralized exchanges. Pump.fun is, however, yet to confirm, deny, or clarify whether the platform will power the token or when it’ll hold the token generation event, something that adds credibility to the rumors.
Do “Seed Investors” Already Know?
According to speculations on X, the memecoin platform has confirmed the plans to “seed investors” and some users. Pump.fun is also anticipated to airdrop some of the coins, with some speculators confident that a Pump.fun token is “finally coming.”
Nope. Source close to the team confirmed. Seed investors already know.
— nextfuckingthing (@nextfckingthing) June 3, 2025
The crypto community expressed differing views on the planned move, with some saying the platform “has ruined” the crypto world. Some questioned why the platform needs the $1 billion and how it’ll use it, considering it has already made close to $700 million in revenue over the years.
PumpFun has ruined crypto space, turned altcoin investors into memecoin gamblers, extracted $700 million while 99.99% people lost money and now they are planning to raise $1 Billion at $4B valuation.
— Ash Crypto (@Ashcryptoreal) June 3, 2025
Others, however, said the move is two-pronged and token holders can make or lose money depending on their skills. The rumors come two months after Pump.fun launched its own DEX, PumpSwap, to rival Raydium, a Solana-based DEX.
It’s good for making money, if you’re skilled.
But, net/net – it’s bad for crypto. Period.
Most people aren’t trenching – they just buy and hold, and have felt the indirect adverse effects of Pump Fun (dilution, faster rotations, ppl getting burnt and leaving, listings etc.)… pic.twitter.com/Ogqcuq7gK9
— Miles Deutscher (@milesdeutscher) June 4, 2025
Pump.fun’s Listings and Revenue Drop
The potential token sale comes at a time when Pump.fun is experiencing difficulties, with new listings declining by more than 80%, while the revenue has plummeted by over 60%. According to DeFiLlama, the revenue has dropped from $137 million to $46.6 million between January and May.
Although Pump.fun is yet to confirm or deny the token issuance rumors, it’s likely that it’s planning to launch a token, even though the timeline may differ from what’s being reported.
