Pump.fun, a memecoin launchpad built on the Solana network, is reportedly preparing to raise US$1 billion (approximately IDR 16 trillion) through a new token sale. The offering is expected to be carried out at a valuation of US$4 billion or around IDR 65 trillion.

According to a report by Blockworks on Tuesday (June 4, 2025), the token sale will be open to both public and private investors. Although the official launch date has yet to be confirmed, a post on platform X hinted that the token launch could occur within the next two weeks.

From Experimental Project to Global Crypto Phenomenon

Pump.fun was first launched in January 2024 and quickly gained traction among the global crypto community. The platform allows anyone to instantly create tokens on the Solana network at zero cost. This novel approach sparked an unprecedented wave of meme coin trends, reigniting the market with a highly experimental spirit.

The platform employs a bonding curve model, where the token price automatically adjusts according to supply and demand mechanics. In its early version, any token that reached a market cap of US$69,000 would be automatically transitioned to DEX Raydium for further trading.

Based on data from Dune Analytics, since its launch, Pump.fun has generated total revenue of US$617 million (around IDR 10 trillion), with the highest recorded daily revenue hitting US$9.5 million (roughly IDR 152 billion) on January 28, 2025.

Amid the ongoing hype, Pump.fun recently introduced its newest product: a decentralized exchange (DEX) called PumpSwap, which replaces Raydium. Interestingly, Raydium has also launched its own meme coin launchpad, LaunchLab.

Beyond technical innovation, Pump.fun is also known for its nontraditional community features, one of which is an internal live-streaming feature. Although this feature was temporarily disabled due to moderation concerns, it has since been reactivated, despite previously sparking some controversy.