- Pump.fun nears $4B valuation with PUMP token sale amid $2.8B monthly volume surge
- Despite $700M revenue, critics warn Pump.fun fuels risky trading behaviors
- Solana ETF hype may amplify PUMP sale, but long-term sustainability in doubt
Pump.fun, the meme coin launchpad built on Solana, continues to hold its spot as a major player in crypto. Launched in early 2024, the platform has changed how casual users create and trade tokens. With its simple interface and zero-code mechanics, Pump.fun has pulled in both retail traders and meme coin enthusiasts.
Massive Revenue and Soaring Volume
The numbers speak loudly. Pump.fun has generated an impressive $700 million in total revenue since its launch. Over the past year, its annualized fees and revenue both sit at $361.36 million. Even more striking, the platform saw $2.822 billion in DEX trading volume over the last 30 days alone.
Between late 2024 and early 2025, trading volumes frequently spiked, sometimes crossing $500 million daily. However, in May, activity dipped sharply due to an infrastructure-related hack. Since then, volumes have stabilized but remain below their peak. Still, the late 2024 surge solidified Pump.fun’s presence among the most used Solana dApps.
Upcoming Token Sale: High Stakes, Big Numbers
Pump.fun is set to launch its native PUMP token through a public sale beginning July 12, 2025. The offering will run for 72 hours on Gate.io, where 150 billion tokens will be sold at $0.004 each. That represents 15% of the one trillion total supply and gives Pump.fun a fully diluted valuation of $4 billion.
the moment you’ve all been waiting for$PUMP is launching through an Initial Coin Offering on Saturday, July 12th.
— pump.fun (@pumpdotfun) July 9, 2025
airdrop coming soon.
our plan is to Kill Facebook, TikTok, and Twitch. On Solana.
learn more about $PUMP and how to get involved 👇 pic.twitter.com/KApiGnvtBg
The sale follows weeks of speculation after insiders hinted at a $1 billion raise. It’s a first-come, first-served process with no cap per buyer, which could lead to a fast sell-out. Participants only need to meet a low minimum purchase to join, further opening access to a broad user base.
Growing Concerns and Community Division
Despite its massive success, Pump.fun hasn’t escaped criticism. Some in the crypto space question the platform’s impact on long-term value. Social media analyst Ash Crypto argues that Pump.fun has encouraged gambling behaviors among retail users. He highlights the fact that while the platform has extracted $700 million in value, most users end up losing money.
PumpFun has ruined crypto space, turned altcoin investors into memecoin gamblers, extracted $700 million while 99.99% people lost money and now they are planning to raise $1 Billion at $4B valuation.
— Ash Crypto (@Ashcryptoreal) June 3, 2025
Besides, the timing of the token sale coincides with renewed interest in Solana, driven by pending spot ETF approvals from the SEC. This may boost the token’s short-term success but raises questions about sustainability.
