Key Takeaways

• Pump.fun is reportedly planning a $1 billion token sale, aiming for a $4 billion valuation. 
• The platform has enabled over 11 million Solana-based meme tokens to be created since its early 2024 launch. 
• Despite a 70-80% drop in volume since January 2025, the platform has remained active, launching a new AMM and mobile app. 
• Meme coin popularity is fading, with many tokens seeing double-digit losses and sharp declines from their peak. 
• Concerns about scams and pump-and-dump schemes persist in the Solana meme coin ecosystem.

Pump.fun Remains As Popular As Ever

This development, if confirmed, could cement Pump.fun’s status as one of the crypto industry’s newest unicorns, all within less than a year of its launch.

Launched in early 2024, the platform has rapidly emerged as the go-to platform for creating meme coins on Solana. Its ability to let users generate tokens instantly, and for free, has propelled it into the spotlight during the recent meme coin boom.

Massive Token Sale Imminent?

Pump.fun is planning to offer its new token sale to both public and private investors. While the exact launch date and exchange listing details remain under wraps, social media hints point to a possible rollout within the next two weeks.

Pump.fun Announcing PUMP’s Launch

Source: X (@nextfckingthing)

A recent post on X teased the imminent arrival of what many are now calling the PUMP token, though there has been no official confirmation from the platform’s development team.

If this sale goes through, the $4 billion valuation would represent one of the largest in the meme coin sector to date.

Rapid Growth, Sudden Slump

Since its launch, the platform has facilitated the creation of more than 11 million tokens, generating an estimated 3.3 million SOL in revenue, roughly $517 million, according to Dune Analytics.

However, not everything is moon-bound.

Since peaking in January 2025 during the height of the meme coin frenzy, platform volumes have plummeted nearly 80%, signaling a broader cooldown in meme token mania. Data from DeFiLlama paints a similar picture, showing a 70% drop in daily volume over the past six months.

Despite this downturn, Pump.fun remains resilient. The platform has also rolled out a mobile app and reinstated a live streaming feature, which was previously suspended due to moderation issues.

Meme Coin Market Faces Turbulence

The broader meme coin market is currently in a state of decline. Once hailed for their viral appeal and explosive gains, many of these tokens, often created without serious utility, have crashed hard.

Meme Coin Market Crash

Source: CoinGecko

Tokens like Fartcoin, Pudgy Penguins, Popcat, and even more established names like Pepe, Bonk, and Floki are trading significantly below their all-time highs. For example, TRUMP has plummeted 85% from its January peak, now hovering around $11.

Solana’s network activity has also taken a hit. With meme coins previously fueling much of its transactional volume, the decline in interest has negatively impacted both revenue and usage metrics on the Solana blockchain.

Quality Concerns Still Loom

In addition to the financial volatility, many Solana-based meme coins have been criticized as scams or pump-and-dump schemes.

While Pump.fun provides the tools for easy token creation, this very accessibility has been both a blessing and a curse, fueling creativity, but also making the platform a magnet for low-effort or deceptive projects.

Nonetheless, Pump.fun’s team appears to be aware of the reputational risk and is likely betting on the upcoming token sale to establish a more sustainable ecosystem.

FAQ

What is Pump.fun?

Pump.fun is a meme coin launchpad on the Solana blockchain that allows users to create tokens instantly and for free. It gained rapid popularity in early 2024 during the meme coin surge.

When will the Pump.fun token sale happen?

While an exact date hasn’t been confirmed, social media hints suggest the sale may occur within the next two weeks, targeting both public and private investors.

Are meme coins still profitable?

As of mid-2025, most meme coins have significantly declined in value, with some losing more than 80% since January highs. Profitability is highly speculative and risky.

Is Pump.fun safe to use?

The platform is generally safe for token creation, but due to its open nature, users should exercise caution when investing in newly launched meme coins. Many such tokens lack utility and may be scams.