Pump.fun Eyes $1B Raise at $4B Valuation, Sends Ripples Through Solana Market
Solana’s native token SOL briefly dropped around 2% on Tuesday afternoon after reports emerged that meme token platform Pump.fun is preparing for a major capital raise.
As reported by Blockworks, Pump.fun is looking to secure $1 billion through a token sale that would assign it a fully diluted valuation (FDV) of $4 billion. The report noted that specific details—including the timeline and whether the new token would be issued directly on Pump.fun—remain unclear.
The platform, which has become a breakout success on the Solana blockchain by enabling users to easily mint their own tokens, has reportedly generated over $700 million in revenue since its launch just over a year ago.
SOL slipped to around $144.99 following the headlines but has since clawed back roughly half of the decline, reflecting a tempered but notable market reaction.
