Multiple reports indicate that Solana’s leading token launchpad, Pump.fun, is preparing to launch a $1 billion ICO (initial coin offering) sale at a $4 billion fully diluted valuation (FDV).
If true, Solana will need a dedicated Layer-2 network more than ever. Solaxy (SOLX) is the first-ever native L2 for Solana, and its presale ends in less than 12 days.
PUMP FUN TO DROP $1 BILLION TOKEN SALE AT $4 BILLION VALUATION pic.twitter.com/YxNA9uoOe2
— Nick O’Neill (@chooserich) June 3, 2025
Early Details On The Rumored Pump.fun Token Launch: Open To Public And Private Investors
There has been no official communication from the pump.fun team regarding the token sale, the raise is reported to be starting around two weeks from now and will be open to both private and public investors, per reports from multiple outlets.
As of right now, there are only rumors and speculation regarding the finer details of a possible Pump.fun token launch. The crypto community is left wondering about the token’s name, ticker, and exact launch date.
Pump.fun rose to prominence in 2024, becoming the driving force behind the meme coin frenzy last year. Following its launch, the platform sparked a surge in meme coin activity on Solana, with thousands of tokens being created every day over a multi-month period.
(SOURCE)
The Solana token launchpad has accrued more than $889 million in fees since its launch last year, per DefiLlama. Pump.fun revenue (annualized) is sitting at over $530 million, highlighting the profitability of the launchpad since its inception.
With the market-wide crash earlier this year, demand for memecoins fell off a cliff, massively dampening Pump.funs revenue. However, its team found creative ways to keep revenue and the business intact.
In March this year, Pump.fun launched PumpSwap, its own decentralized exchange (DEX). By doing so, it cut ties with leading Solana DEX, Raydium as tokens graduating from Pump.fun now launch directly onto PumpSwap.
DefiLlama shows that since March, PumpSwap has already amassed over $78 million in revenue, $437 million in fees, while processing $28 billion in cumulative volume.
With the unprecedented success of Pump.fun and now PumpSwap, it comes as no surprise that the rumored figure for the Pump token sale is $1 billion in sales, with an FDV market cap of $4 billion.
11 million tokens minted, https://t.co/3P51itCgLf earned $700M.
But nearly all those tokens have no real value now.
Small traders are stuck with coins nobody wants.
Now, https://t.co/3P51itCgLf plans to raise $1 billion at a $4 billion valuation.
Feels like a big trap for… pic.twitter.com/ydmM4dQ1Iz
— RK Gupta (EarnWithRK) (@earnwithrk) June 4, 2025
DISCOVER: Best Meme Coin ICOs to Invest in June 2026
A Pumpfun Token May Just Break Solana: Solaxy (SOLX) Is Needed Now More Than Ever
Solaxy (SOLX) is the first-ever native Layer-2 protocol for Solana, and it couldn’t be launching at a better time. While the team’s main priority was already to support the Solana mainnet during times of peak congestion, the launch of a Pump.fun token could bring about those issues quicker than many thought.
Solana has been known to struggle whenever the on-chain market is super hot, buckling under the weight of its users’ activity. Slow transaction times, failed transactions, and even full-blown network outages have been common occurrences for Solana in the past.
SOLX fixes this with roll-up technology. It batch-assembles Solana transactions, takes them off-chain to process, and sends them back to the mainnet for settlement. This eases the stress on Solana while maintaining the core infrastructure of the mainnet to ensure low fees and security stay a priority.
The Solaxy presale is due to end 12 days from now after a record-breaking community raise that has secured $43.8 million in funding thus far. Investors are eager to get in at ground zero on Solana’s first-ever L2 protocol, which makes sense when considering the valuations of leading Ethereum L2s such as Optimism ($1.1bn), Arbitrum ($1.7bn), and Polygon ($1.9bn).
Not content with being merely an L2, the Solaxy team has announced plans for its own token launchpad, the Igniter Protocol, as well as its own in-house DEX.
With a full suite of products, a L2 chain, token launchpad and a DEX for those tokens to graduate onto, Solaxy (SOLX) may just rival Pump.fun for its market share across the Solana ecosystem. If comparing the two, SOLX offers a far better risk-to-reward ratio as it will be launching at a much lower valuation than Pump. Fun’s rumored $ 1 bn+ market cap.
Visit The Solaxy (SOLX) Presale Today
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