PumpFun Plans $1B Token Sale With Wild $4B Valuation Goal

• PumpFun plans a $1B token sale with a $4B full valuation, attracting both public and private investors.
• Past controversies involving its founder and ethical concerns still surround PumpFun despite rapid platform growth.

PumpFun, a Solana-based platform that has become a fertile ground for memecoin launches in recent months, is reportedly preparing a big move: the sale of a token called PUMP worth $1 billion. They are targeting a fully diluted valuation (FDV) of $4 billion.

What makes it even more interesting is that this sale is open to public and private investors—a signal that PumpFun is starting to get serious about moving up a class.

Solanas Meme Machine Has Already Spawned 11 Million Tokens

Furthermore, although it has not been officially announced when the sale will begin, this news has clearly caught the attention of many parties, especially those who actively monitor the crypto ecosystem on Solana.

PumpFun itself is known for its approach that allows anyone to create memecoins in minutes. The result？ Since the beginning of 2024, almost 11 million tokens have been created through this platform. And when it comes to profits, PumpFuns total revenue has reportedly reached $700 million.

As PumpFun Grows, Shadows From the Past Come to Light

However, the PumpFun story is not only about fantastic numbers. There is a dark side that has recently emerged. Last April, an investigative report revealed the past of one of its founders, Dylan Kerler. As a teenager, Kerler—then known by the pseudonym Dylan Phoon—was said to have been involved in crypto projects such as eBitcoinCash and EthereumCash.

Both projects experienced a sharp decline shortly after their launch. Kerler reportedly pocketed around $75,000 from the projects. Converted to todays value, that would be around $400,000.

The community‘s response？ Several tokens bearing the deceased’s name immediately appeared on PumpFun. One of them even reached a valuation of $2.1 million, before its value collapsed. This incident sparked a serious debate: is it ethical to monetize personal tragedy for short-term profit？

Because of this incident, one of its features, live streaming that allows direct interaction between users, became the center of controversy. The feature was temporarily suspended. Now, as we previously reported, the feature has been reactivated with much stricter oversight and moderation policies.

PumpFun is still going strong, though. Theyve launched an in-house Automated Market Maker (AMM), a mobile app, and a new incentive system for token creators.