Pump.fun Aiming to Raise $1B Via Token Sale at $4B Valuation: Blockworks

Pump.fun is planning to raise $1 billion in a token sale at a $4 billion fully diluted valuation (FDV), according to Blockworks.

The platform, which allows any and all to freely create their own tokens on the Solana blockchain, has generated more than $700 million in total revenue since launching more than a year ago, according to the story.

Solana’s SOL SOL dipped about 2% as the news hit, but has since recovered about half of that knee-jerk decline.