Pump.fun launches $1B PUMP token sale at $4B valuation, FDV could hit $7B

Pump.fun has kicked off a $1 billion presale of its new PUMP token at a $4 billion fully diluted valuation (FDV). The platform allocates 25% of supply to public sale, 10% to airdrops and reserves the remaining 65% for the team, VCs and treasury. Originally set for June 25, the auction was pushed to mid-July, drawing criticism that the design and timing favour insiders. PUMP features a 1% buyback revenue-sharing mechanism, backed by Pump.fun’s $742 million in unaudited revenue to date. A Messari-based model forecasts $675 million in two-year revenue and a potential FDV of $7 billion, while Aevo pre-market prices imply a $6 billion FDV at $6 per token. Traders stress the need for transparent income allocation and vesting to ensure genuine decentralization and long-term value accrual.