Public Sale Propels Pump.fun to $4B Valuation with Swift $500M Fundraise

Pump.fun turned heads on Friday, pulling in a staggering $500 million during its public token sale, which sold out in just 12 minutes across major crypto exchanges including Bybit, Kraken, and KuCoin.

The offering featured 125 billion tokens priced at $0.004 each, pushing the fully diluted valuation of the Solana-based memecoin launchpad’s utility token to $4 billion.

However, investors won’t be able to trade or transfer their tokens immediately. Pump.fun announced that tokens would be distributed over the next 48 to 72 hours and remain locked until the process is complete. The team also published the official Solana contract address—pumpCmXqMfrsAkQ5r49WcJnRayYRqmXz6ae8H7H9Dfn—to help users avoid counterfeit tokens or scams.

The public sale represented 12.5% of PUMP’s total token supply of one trillion tokens, a slight decrease from the originally planned 15%. Another 18% of tokens had already been sold in a private round.

Beyond the public and private sales, Pump.fun has allocated 20% of tokens for the team, 24% for community and ecosystem incentives, 13% for existing investors, 2.6% for liquidity, 2.4% for the ecosystem fund, and the rest for a foundation fund and live streaming incentives.

Known for making it easy for users to create and list new tokens, Pump.fun’s platform automatically lists tokens on decentralized exchanges once certain trading milestones are reached.

Despite the buzz, Pump.fun has faced a notable decline in activity this year. Data from DeFiLlama shows launchpad volume plunging from over $11.6 billion in January to just $3.65 billion in June. Revenues have dropped in tandem, falling from $133 million in January to about $34 million last month.

However, the launch of PumpSwap, Pump.fun’s decentralized exchange rolled out in March, has helped offset some of the slowdown. PumpSwap processed $14.3 billion in trading volume in May and $10 billion in June, generating $7 million and $5 million in revenue, respectively, according to DeFiLlama.