Pump.fun will issue coins, with a valuation of 4 billion USD: is it the peak of the meme economy or a sign of a bubble?

On the meme coin launch platform Pump.fun, which has sparked a craze for issuing coins in the Solana ecosystem, it is now possible that they will issue a coin. Insiders reveal that the team is planning a token sale of $1 billion at a valuation of up to $4 billion, provoking varied evaluations and doubts from several industry insiders.

Pump.fun launches a $1 billion Token sale, with an FDV looking at $4 billion.

According to Blockworks, citing two sources, Pump.fun plans to launch its own Token in the near future, with a total fundraising amount of up to $1 billion, which will be open to both public and private investors. Three related individuals further pointed out that this round of issuance will give Pump.fun a fully diluted valuation of up to $4 billion (FDV).

The official response has not been made, and the issuance time has not yet been finalized, but some voices indicate that it may be launched within two weeks at the earliest. If the rumors that have been circulating for a few months are true, then Pump.fun will become the latest cryptocurrency unicorn, further strengthening its dominant position in the meme coin issuance market.

(Pump.fun was rumored to issue coin? The team denies it but hints: will appropriately reward users, good things take time)

The Largest On-Chain Arena: The Rise and Transformation of Pump.fun

Since its launch last year, Pump.fun has rapidly attracted a large number of crypto users due to its instant, efficient, and censorship-free coin issuance feature. Dune data shows that as of now, the platform has produced over 11 million Tokens, with a total market value of approximately 4.5 billion USD, and has achieved an astonishing revenue of 730 million USD.

In the past few months, Pump.fun has not only launched its own AMM PumpSwap and ended its partnership with Raydium, but also introduced a mobile version App and reopened the live streaming feature, continuously strengthening its ecosystem and user engagement.

Will Pump.fun issue coin be an experiment in wealth redistribution?

On-chain observer @MiyaHedge proposed an astonishing calculation: "The earliest seed round valuation of Pump.fun was only $12 million. If calculated based on the current valuation, the returns for early investors have already reached 322 times, and it may even reach a thousand-fold return when the Token goes live (TGE)."

Although Solana users went bankrupt because of Pump.fun, if I were on the team, I would still do it this way. Because to compete with platforms like Twitch or Kick, they need this $1 billion chip.

He believes that if the team can airdrop a large amount of Tokens to users, allowing the funds addicted to gambling to flow back to the platform, it might form an "onchain stimmy (", although he personally leans towards the opinion that this liquidity will ultimately flow out of the market, he still views this issuance of coin as a "positive event", an experiment of wealth transfer from the rich to retail investors.

Researchers criticize: It's fundamentally a lifeboat for the team and investors.

In contrast to Miya, DeFi researcher @defi mochi directly criticized Pump.fun for issuing coins to "allow investors and the team to cash out."

Even though Bitcoin has reached new highs, the revenue of Pump.fun has dropped by more than 86% compared to the peak in February, which indicates that they are well aware that the platform is becoming marginalized in the face of intensifying competition.

In his eyes, this token issuance is not a symbol of ecological growth, but rather a clear recognition by Pump.fun that its golden age has ended.

) Value extraction, heavy blow to retail investors? Pump.fun is the culprit of the altcoin season not arriving? (

Pump.fun is devouring the Solana ecosystem, with no feedback.

Renowned trader @imperooterxbt has made more intense criticisms regarding the impact of Pump.fun:

The Pump.fun team will pocket all user transaction fees, parting ways with Raydium, and even launching their own AMM, negating the contributions that Raydium made to help them grow.

He emphasized that although Pump.fun has driven the trading enthusiasm, it is also draining the resources of other applications and protocols on Solana without giving back to the ecosystem. He bluntly stated: "Pump.fun only treats us as an ATM, not as users."

He supports another competitor, Launchcoin, and the Believe app, believing that these platforms are willing to cooperate with the Solana ecosystem and are more friendly in profit distribution.

)From Believe's rise to fame, we see the opportunities and risks in the online capital market: Can ICM lead the next bull market? (

Looking ahead: Is issuing coins a transformation, a restart, or the last dance before exiting?

The success of Pump.fun proves the feasibility of "issue coin means value," but its infamous reputation also led to a shake-up, or even collapse, of the overall trust structure when it finally joined the ranks of issuing coins.

This time, the coin issuance valued at 4 billion dollars is a successful operation of capital leverage, or is it a peak of a meme bubble? The answer is yet to be revealed. However, Pump.fun's actions have indeed sparked a debate and reflection within the crypto community about "fairness, feedback, and trust."

)Pump.fun creator revenue sharing program sparks controversy over "fueling scams": Discussing the importance of value returning to the community (

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