Pump.fun, a Solana-based memecoin launchpad, is preparing to launch its own token, aiming to raise up to $1 billion through an initial sale that could value the token at approximately $4 billion fully diluted. The offering will target both private and public investors, though the exact sale format and timeline remain unconfirmed.
Pump.fun allows users to instantly create tokens on the Solana blockchain without upfront costs. Since launching in January 2024, nearly 11 million tokens have been created on the platform. The platform generates revenue through fees, including a 0.015 SOL fee when tokens transition to trading on PumpSwap (Pump.fun’s decentralized exchange) and a 0.3% fee on trades conducted on PumpSwap.
To date, Pump.fun has accumulated over $732 million in fees and surpassed $100 million in total value locked on PumpSwap within two months of its March 2025 debut. In May, trading volume across Pump.fun and PumpSwap neared $18 billion, supporting a rewards program recently introduced that shares 0.05% of trading volume revenues with token creators, paid in SOL. This initiative could have distributed an estimated $9 million in rewards during May.
Speculation about the token launch increased following Bybit’s renaming of its previously listed PUMP token to PUMPBTC, freeing the PUMP ticker for Pump.fun’s use. The project has yet to release detailed technical specifications or tokenomics and is reportedly deciding between airdrop and Liquidity Bootstrapping Pool (LBP) mechanisms for the sale.