Pump.enjoyable Reportedly Launching $1B Token Sale as Meme Cash Soften Down

The favored Solana-based meme coin launchpad, Pump.enjoyable, is reportedly planning to lift $1 billion by a token sale that may worth the corporate at $4 billion, in keeping with Blockworks, citing sources acquainted with the matter.

The token sale shall be provided to each private and non-private traders, with hints on social media suggesting it may launch inside the subsequent two weeks, the outlet reported on June 3.

At a $4 billion valuation, the platform would grow to be crypto’s newest unicorn startup in the identical yr it fuelled the meme coin frenzy.

PUMP Token Quickly?

The report didn’t specify when the launch would happen or whether or not the PUMP tokens could be obtainable on exchanges or simply the meme coin platform, however a publish on X recommended it may very well be quickly.

BREAKING: @pumpdotfun launching $PUMP token in subsequent 2 weeks.

– Airdrop for customers confirmed as effectively

It’s lastly coming.

— nextfuckingthing (@nextfckingthing) June 3, 2025

The platform has been a breakout success since launching in early 2024, permitting customers to create tokens on Solana immediately and totally free.

It has facilitated the creation of greater than 11 million new tokens with a mixed whole income of roughly 3.3 million SOL or roughly $517 million, in keeping with Dune Analytics.

Nevertheless, volumes have plummeted virtually 80% because the top of the meme coin frenzy in January, in keeping with Dune. DeFiLlama reviews an identical 70% stoop in every day quantity on the platform over the previous six months.

However, Pump.enjoyable has remained aggressive by launching its personal automated market maker (AMM) to finish its partnership with Raydium, releasing a cellular app, and reintroducing a reside streaming function that was beforehand suspended because of content material moderation points.

Meme Coin Meltdown

Most meme cash, which have been largely thought-about non-functional degen hypothesis tokens, have collapsed since their January highs. This has additionally impacted Solana’s income and community exercise, which is primarily meme coin-based.

As high-cap cryptos present indicators of restoration, meme cash proceed to say no with giant double-digit losses for Fartcoin, Pudgy Penguins, and Popcat.

Pepe, Bonk, and Floki have been additionally within the crimson on the time of writing. In the meantime, Donald Trump’s namesake meme coin has tanked 85% from its all-time excessive in January to commerce at round $11 on the time of writing.

It’s a tricky day for the meme class right this moment with $FARTCOIN, $PENGU, and $BONK among the many hardest hit.

Are you holding any of them?https://t.co/1sqf05lMCK pic.twitter.com/oxXGDELBJb

— CoinGecko (@coingecko) June 4, 2025

It has additionally been broadly reported that almost all of Solana-based meme cash are scams or pump and dump schemes.