Sources: Pump.fun plans to conduct a $1 billion token sale at a valuation of $4 billion

On June 4th, according to Blockworks, two insiders revealed that pump.fun plans to raise $1 billion through a token sale. Three sources stated that the valuation of this token issuance will reach $4 billion. Sources added that the token will be sold to the public and private investors. Blockworks has not yet confirmed when the token will be launched or whether it will be issued on the pump.fun platform. However, a post on X (formerly Twitter) hinted that the token may be issued in the next two weeks. If valued at $4 billion, pump.fun will become the latest "unicorn" startup in the cryptocurrency industry, and its contribution to the Meme coin craze over the past year is significant. Pump.fun has not yet responded to multiple requests for comment.