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Top Pump.Fun Ecosystem Tokens Tumble Amid Reports of $1B Fundraise
Solana’s hottest memecoins, from FARTCOIN to PNUT, pulled back amid reports that token-factory Pump.fun is lining up a $1 billion raise at a $4 billion fully-diluted valuation.
Jun 4, 2025, 1:03 p.m.
What to know:
- A proposed $1 billion token sale by Pump.fun's Solana-based launchpad has led to a decline in the value of its largest ecosystem tokens.
- The sale, which could close within weeks, has raised concerns about potential "farm-and-dump" flows affecting memecoins.
- Critics question the necessity of the fundraise, given Pump.fun's rapid revenue growth and existing valuation.
Fart-powered joke tokens suddenly weren’t so funny for crypto traders on Tuesday.
A basket of the largest Pump.fun ecosystem tokens faded from recent highs after Blockworks reported the Solana-based launchpad is pitching a $1 billion token sale that would value the project at roughly $4 billion.
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Sources told Blockworks the sale could close within weeks, though details on tokenomics remain scarce.
Read more: Pump.fun Aiming to Raise $1B Via Token Sale at $4B Valuation: Blockworks
Tokens launched on the platform slipped amid the news. , the largest Pump-launched token by market capitalization, dropped 7%.
, Moo Deng (MOODENG) and gave back as much as 6%, while — the big gainer on Monday — flipped red after an early 25% pop. The moves wiped about $150 million in aggregate value, trimming but not erasing the sector’s outsized weekly gains.
A billion-dollar raise means a new Pump token and, potentially, a fresh supply. Even if the deal channels cash back to users later, traders worry about a flood of “farm-and-dump” flows hitting the very memecoins the platform helped create.
Deeper concerns, however, spread across crypto circles on X as developers and traders questioned the need of a mammoth fundraise.
“Why does pump need to raise 1bn tho? how is it gonna invest that for growth if it already has made 675m and hasnt spent that either what are they planning to do with 1bn?,” DeFiLlama founder @0xngmi wrote.
“The Pump guys went through an accelerator, raised a small round, then proceeded to make almost a BILLION in revenue in 1 year and got a 4B valuation to raise another 1B,” said Mert Mumtaz, founder at Helius, “Those are simply insane numbers in an insane amount of time.”
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Only three weeks ago Pump.fun tried to sweeten the pot users looking to issue tokens using the platform by handing 50% of PumpSwap fees — or five basis points of every trade — straight to token creators.
At the time, founder Alon Cohen pitched the change as a way to eliminate rinse-and-dump behavior: If developers earn recurring fees, they don’t have to dump their own coin on the community.
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Bilinmesi gerekenler:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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