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Pump.fun Launching Its Own Token
Pump.fun plans to launch its own token with a $1 billion presale at a $4 billion valuation, promising revenue sharing—but statistics reveal a casino-style ecosystem where most users lose.
TL;DR
- Pump.fun lets anyone create memecoins easily on Solana, sparking massive growth.
- Rumors swirl of a $1B token sale with $4B FDV.
- Pump.fun may share revenue with token holders.
- Most traders lose money, just a few win big.
- Stats reveal a casino-like setup despite the fun.
What Is Pump fun?
Pump.fun is a token launch platform on the Solana blockchain that enables users to easily create their own memecoins. The platform has gained popularity due to its simplicity, removing the need for technical expertise to launch a token.
The pump.fun platform was launched on January 19, 2024, by three entrepreneurs from England: Noah Tweedale, Alon Cohen, and Dylan Kerler. Initially, the platform was launched by an anonymous developer known as Alon, who aimed to make it “the most fun place on the Internet” before the founders’ identities were revealed through public documents.
How Does Pump.fun Work?
- The user creates a token by specifying the desired name, symbol, description, and icon.
- The token instantly appears in the liquidity pool on Pump.fun and can immediately start trading.
- By purchasing the token, users increase its market capitalization.
- Once a certain capitalization threshold is reached, the token is automatically listed on the decentralized exchange Pump.swap.
What’s Known About the Potential Token?
According to a Blockworks article dated June 3, several anonymous sources claim that pump.fun plans to raise $1 billion through token sales, with a fully diluted valuation (FDV) of $4 billion. The purchase will be available both to a select group of private investors and to the general public.
This news didn’t just surprise the crypto community — it sparked real outrage. Many expressed dissatisfaction, pointing to the platform’s greed:
”The team is trying to squeeze out as much money as possible. Especially since the protocol has already generated significant revenue during its existence”.
Indeed, since January 2024, the platform’s daily revenues have steadily grown regardless of market conditions. As of June 9, 2025, the total revenue has reached an impressive $742,224,145. Such a stable business model can only be envied, giving credit to its creators.
In addition to Blockworks, on June 6 an article by The Block surfaced, in which those same anonymous sources shared information that Pump.fun plans to share protocol revenue with potential token holders.
A person close to the Pump.fun team told The Block, requesting anonymity:
”Some of these things may change, but the idea is that the buyback will be tied to a portion of Pump’s revenue”.
According to one of the sources, about 25% of the token supply will go to the public sale, with another 10% reserved for an airdrop:
”It’s planned that the tokens will be unlocked at TGE for those participating in the sale, whether private or public”.
One of Pump.fun’s founders said in October during a Twitter Spaces talk:
”All the money we’ve made so far has been reinvested back into the platform. We want to create something as big as Binance — even bigger… our goal is to bring this to the masses”.
The available information about a potential airdrop and the possible utility of revenue sharing for token holders inspires a glimmer of hope within the community, as many have lost significant sums chasing profits on pump.fun. If you look at the wallet statistics for those trading tokens launched through the platform, you’ll see a rather grim picture.
- Total active wallets over the past month: ~1,063,700
- Trading at a profit: ~34,655 wallets (≈ 3.26%)
- Only 4 wallets (0.0004%) earned between $200K and $500K.
- Trading at a loss: ~541,585 wallets (≈ 50.9%)
- Breaking even (<$500): ~497,735 wallets (≈ 46.72%)
The vast majority (over 97%) either lose money or barely earn anything. This resembles gambling in terms of risk and the imbalance of winnings.
Pump.fun can be compared to a casino, CS2 (CS:GO) case openings, or a lottery. Here’s a table that clearly illustrates their similarities:
Unfortunately, because the gambling aspect is cleverly disguised as trading, most people naively believe they’re in control and following some trading strategy, whereas the statistics provided in this article clearly demonstrate:
”The house always wins”.
Conclusion
Pump.fun is a phenomenon of the new digital memecoin economy: on one hand, it gave millions of users access to token creation and trading without technical barriers, while on the other, it became a digital casino with extremely low odds of success for the majority. The launch of its own token and promises to share revenue seem like an attempt to legitimize the project and win back the community’s trust, but the numbers and structure of the product speak for themselves..
If the future token truly grants holders access to a share of the revenue, this could be the first step toward turning Pump.fun from a lottery-like platform into a more sustainable ecosystem. But the question remains: can the developers really change the rules of the game, or is this just another level of the same game, where only a few win — and most pay the price?