Pump.fun Seeks $1B in Token Funding, Valuation Pegged at $4B — Blockworks Reports

Solana Slips as Pump.fun Eyes $1B Token Raise at $4B Valuation

Solana’s SOL briefly dropped around 2% during late U.S. trading hours on Tuesday following reports of a major fundraising move by Pump.fun.

According to Blockworks, the Solana-based meme token platform is aiming to raise $1 billion through a token sale that would value the project at a $4 billion fully diluted valuation (FDV). However, the report noted that the timing of the sale and whether the token will be launched directly on Pump.fun remains unconfirmed.

Launched just over a year ago, Pump.fun has gained rapid traction by allowing anyone to create and trade tokens on Solana. The platform has reportedly generated more than $700 million in total revenue to date.

Following the news, SOL fell to around $144.99 but later recovered about half of the initial decline.