- Pump.fun is reportedly preparing to launch its own token, with a potential $1B raise at a $4B valuation and a possible listing on major exchanges.
- Bybit has freed up the $PUMP ticker, signaling a potential listing, though Pump.fun has yet to officially confirm the token launch.
- Several unofficial tokens using the Pump name have emerged; users should remain cautious as no official $PUMP token has been announced yet.
Pump.fun is back in the spotlight, this time with renewed speculation around a possible token launch. The buzz began with a tweet from a user citing insider sources, suggesting that the platform is planning to roll out its own token within the next two weeks.
While no official confirmation has been made, Blockworks reports that the rumored launch could take the form of a Token Generation Event (TGE), targeting a $1 billion raise at a $4 billion valuation. The token is expected to be listed across several centralized exchanges, with 10% of the supply reportedly set aside for a community airdrop.
Source: nextfuckingthing
Pump.fun has yet to officially confirm or deny the token rumors on any of its channels. No details have been shared regarding the token’s utility, distribution mechanics, or its long-term role in the platform’s ecosystem. Still, the possibility of a token launch has sparked mixed reactions across the crypto community.
Bybit’s Ticker Change Hints at Listing Plans
In what many see as a major signal, Bybit recently renamed an existing token from PUMP to PUMPBTC, effectively freeing up the $PUMP ticker. This isn’t just a cosmetic change, it strongly suggests that the exchange is preparing to list the official Pump.fun token once it’s live. The timing of the rename closely aligns with ongoing speculation around a Token Generation Event (TGE) and reinforces the idea that behind-the-scenes coordination may already be underway.
Mixed Reactions from the Crypto Community
Reactions from analysts and traders remain divided. Some view the token as an opportunity to capitalize on the meme coin frenzy. Others have voiced concern, pointing out the platform’s highly speculative nature. One analyst pointed out that Pump.fun’s model has “casino-like” dynamics, highlighting how the protocol earns significant revenue despite a high failure rate among tokens. Still, they acknowledged that the platform’s investment in infrastructure, such as weekly fee generation and DEX volume share, shows there’s more at play than just speculation.
Source: Pixeltric
Pump.fun’s Revenue Surge and Market Slowdown
As of June 4, Pump.fun had generated more than $677 million in cumulative revenue, according to DefiLlama. But momentum has slowed: May’s revenue stood at $46.6 million, down sharply from $137 million in January. This drop mirrors the broader cooldown in the meme coin sector, which saw total market cap fall from $137 billion in December to $64 billion by June.
Despite the recent dip, Pump.fun has been actively evolving behind the scenes. Over the past few weeks, the platform has rolled out a string of strategic updates: it ended its partnership with Raydium, reintroduced social elements on its site, and launched a mobile app, all while preparing for what could be its biggest move yet: launching its own token, likely under the ticker $PUMP.
This activity comes from a platform that’s only been live since January 2024. In that time, Pump.fun has transformed the Solana meme coin landscape by allowing anyone to create and deploy a meme coin instantly; no funding, research, or approvals required. That simplicity helped it capture over 60% of Solana DEX volume, with weekly fees topping $15 million at its peak.
Warning: Fake $PUMP Tokens Are Circulating
A final word of caution for users: Given the excitement, several unrelated meme coins using the Pump name or variations of $PUMP have already been launched, falsely claiming to be the “official” token. As of now, there is no confirmed or verified Pump.fun token. Until an official announcement is made, steer clear of imitations and remain alert.
