Pump.Fun Platform Prepares to Issue Its Own Token

Pump.Fun, which has become one of the most popular launchpads for creating memecoins on the Solana blockchain, is preparing to issue its own token, sources familiar with the situation told Blockworks.

According to them, the project expects to attract about $1 billion through a public token sale and private investments, while the total valuation of the token may be $4 billion. The exact launch dates have not yet been announced, but the team previously hinted on the X social network that the release could occur within two weeks. At the same time, the founder of the Alon platform refrains from commenting, although he has previously repeatedly stated that the release of the token was not part of the project's plans.

Pump.fun is known as one of the key platforms for launching memecoins on the Solana network. Since its inception in 2024, users have created almost 11 million tokens, with a combined market cap of approximately $4.5 billion. During this same time, the platform itself has generated over $700 million in revenue, making it one of the most successful decentralized services in this niche.

Immediately after the publication of information about the upcoming token sale, the price of Solana's native token, SOL, fell by about 4%, which is likely due to concerns among market participants about the impact of new tokens on the ecosystem and the possible increase in pressure on the network's liquidity. Experts have suggested that such announcements can temporarily cause unrest among investors, especially if they affect large projects that have a significant impact on the market.