Pump.fun.com plans to raise $100 million through a token sale that would assign the Solana-based memecoin launchpad a $4 billion fully diluted token valuation

Pump.fun, the Solana-based meme coin launchpad, is planning to raise $1 billion through a token sale that would assign the platform a $4 billion fully diluted token valuation, sources told Blockworks.

The offering, which is targeting both public and private buyers, is still in the early stages of planning, the sources said. They did not specify whether the new token will launch on Pump.fun’s own platform or give details on the sale’s structure.

Pump.fun did not immediately respond to a request for comment.

The launchpad, known for its rapid token creation capabilities and minimal setup fees, has become a major player in Solana’s DeFi ecosystem. Any user can instantly and easily make a token with no initial cost.

According to a Dune dashboard created by user adam_tehc, users have launched nearly 11 million tokens on the platform.

When a token “graduates” from its bonding curve on Pump.fun and goes to PumpSwap (a decentralized exchange related to the launchpad) for trading, a 0.015 SOL fee is charged. Additionally, trades on PumpSwap have a 0.3% fee.

The platform has generated over over $732 million in fees since its launch in January 2024. It has also continued to expand its feature set despite intensifying competition in the token-launching sector.

First, it launched PumpSwap on March 22 to capture some of the trading activity that exited the launchpad and entered Raydium, another decentralized exchange on Solana. In less than two months, the platform surpassed $100 million in total value locked.

On May 12, Pump.fun launched a program to reward token creators. Users get 0.05% of the trading volume on Pump.fun and PumpSwap paid in SOL.

DefiLlama data attributes nearly $18 billion in volume from both platforms in May. If the program were effective throughout the entirety of last month, creators would have earned $9 million in total rewards.

News data source: kdj.com

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