Blockworks: Pump.fun Launches Token Sale to Raise $1B, Aiming for $4B Market Cap

Solana Dips as Pump.fun Plans $1B Token Sale at $4B Valuation

Solana’s SOL fell roughly 2% in late U.S. trading Tuesday after reports surfaced that Pump.fun is preparing a significant token offering.

Citing unnamed sources, Blockworks reported that the viral Solana-based token platform is targeting a $1 billion raise through a token sale that would assign it a fully diluted valuation (FDV) of $4 billion. The outlet noted that key details—such as launch timing and whether the token would be hosted on Pump.fun—remain unconfirmed.

Since launching just over a year ago, Pump.fun has enabled users to easily create and trade custom tokens on Solana and has reportedly generated over $700 million in total revenue.

Following the report, SOL dropped to around $144.99 before paring some of the losses.