🚀 Pump.fun Rockets to $4B Valuation After Stunning $500M Public Sale

Memecoins meet megafunding—Pump.fun just pulled off one of crypto's fastest capital injections, proving the 'greater fool theory' is alive and well.

From zero to $4B in record time

The Solana-based launchpad locked in half a billion dollars faster than you can say 'vaporware,' with retail and whales alike FOMO-ing into its tokenomics. That fully diluted valuation? A cool four billion—enough to buy every degen in Crypto Twitter a Lambo (if the tokens ever unlock).

When 'pump' is your literal business model

No roadmaps, no revenue, just vibes—and apparently that's all it takes to rival legacy fintech valuations these days. The team's keeping schtum about actual use cases, but who needs utility when you've got a ticker that mooned 420% during the sale?

Wall Street bankers are reportedly seething into their martinis—why bother with IPOs when a JPEG of a frog can outraise Goldman Sachs?

Similarly, revenue generated via the launchpad dropped from $133 million in the first month of the year to nearly $34 million last month, according to DeFiLlama data.

While launchpad volumes plunged, Pump.fun’s decentralized exchange PumpSwap, which was launched in March, has been making up for the decline, seeing $14.3 billion of volume in May and $10 billion last month. Revenue for PumpSwap stood at $7 and $5 million for those months, per the same data source.

Adds more context throughout.