Pump.fun considering token launch with $4B fully diluted value, $1B sale
Pump.fun plans to raise $1 billion through a token sale that would assign the Solana-based memecoin launchpad a $4 billion fully diluted token valuation, Blockworks reported on June 3, citing two people familiar with the matter.
Sources said the offering will target both public and private buyers. However, 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 make a statement on the offering as of press time.
Revenue track record and product expansion
Pump.fun allows any user to create a token on Solana (SOL) instantly and at 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 for trading, a 0.015 SOL fee is charged. Additionally, trades on PumpSwap have a 0.3% fee, a decentralized exchange related to the launchpad.
The platform has generated over over $732 million in fees since its launch in January 2024. Additionally, it has 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.
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Pump.fun considering token launch with $4B fully diluted value, $1B sale
Pump.fun plans to raise $1 billion through a token sale that would assign the Solana-based memecoin launchpad a $4 billion fully diluted token valuation, Blockworks reported on June 3, citing two people familiar with the matter.
Sources said the offering will target both public and private buyers. However, 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 make a statement on the offering as of press time.
Revenue track record and product expansion
Pump.fun allows any user to create a token on Solana (SOL) instantly and at 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 for trading, a 0.015 SOL fee is charged. Additionally, trades on PumpSwap have a 0.3% fee, a decentralized exchange related to the launchpad.
The platform has generated over over $732 million in fees since its launch in January 2024. Additionally, it has 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.
The post Pump.fun considering token launch with $4B fully diluted value, $1B sale appeared first on CryptoSlate.
Read More