Pump.fun plans $1B token sale at $4B valuation

Pump.fun, the Solana-based memecoin launchpad, is reportedly preparing a $1 billion token sale at a $4 billion valuation, according to Blockworks sources. The token will be sold to both public and private investors, with a launch potentially in the next two weeks. Since its 2024 launch, Pump.fun has generated $700 million in revenue and facilitated the minting of 11 million tokens, reaching a cumulative market cap of $4.5 billion.