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Pumpfun : The $4 Billion Memecoin Goldmine
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Pumpfun : The $4 Billion Memecoin Goldmine

Pump.fun aims for a $4 billion valuation with a $1 billion raise. This "shitcoin casino" on Solana is undergoing a controversial reinvention. Dive into this contentious transformation!

Written by Charles Ledoux

Translated on June 10, 2025 at 12:52 by Sarah

Abstract cryptocurrency pump concept illustration.
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Is Pumpfun Worth 4 Billion ?

Pumpfun, the Solana platform allowing the creation of memecoins in 30 seconds, aims to raise 1 billion dollars for a valuation of 4 billion. This “shitcoin casino”, which has generated 700 million dollars in revenue in 18 months, is seeking to transition into a legitimate infrastructure with its $PUMP token.

However, its history marked by rug pulls, like that of a 13-year-old teenager, raises questions. Let’s decipher this controversial phenomenon.

When Chaos Becomes a Billion-Dollar Industry

Pumpfun defies all traditional logic. This platform, where a teenager executed a $30,000 rug pull live in November 2024, now aims for a sky-high valuation. With 700 million dollars in revenue since its launch in 2023, it surpasses some Web2 startups funded by prestigious VCs.

This success is based on a model where the absurd – creating a token with no code or project – coexists with institutional ambitions.

This shift illustrates the strangeness of Web3 in 2025, where chaos becomes a profitable industry, attracting investors willing to bet on this transformation.

Pump.fun : Create a Shitcoin in 30 Seconds

Simplicity is the key to Pumpfun. Without coding or assembling a team, anyone can launch a token on Solana: a catchy name, a meme, X buzz, and it’s done. This industrialized “pump and dump” model has led to the creation of thousands of tokens, some reaching a market cap of $65,000 for a listing on Raydium.

This ease has generated massive revenue – 700 million in 18 months – but also abuses, such as live-stream scams, fueling an ecosystem where extremity is the norm.

The Transformation: From Casino to “Serious Project”

Pump.fun aims to change its status. The introduction of $PUMP, with a tokenomics including 10% for a user airdrop and rewards through PumpSwap (its new DEX), marks this turning point.

The platform is also developing its proprietary AMM and considering a dedicated blockchain, as per a press release on June 8, 2025.

This repositioning aims to shift from a “shitcoin casino” to a respected technological infrastructure, attracting institutional investors and complying with regulators. However, this ambition raises doubts about alignment with its chaotic DNA.

The fundraising surpasses operational needs. It is used to strengthen the narrative: “We are no longer a game but a legitimate company”. With already $700 million raised, Pump.fun is banking on this image to attract capital and shield itself from investigations, such as the one on the “GenZ Quant Kid” rug pull, still ongoing according to Reuters.

The Great Paradox : Structuring Chaos

The story of “GenZ Quant Kid” is emblematic. In November 2024, this 13-year-old launched a token via live-stream, enticing investors through FOMO. Eight minutes later, he sold for $30,000, celebrating his victory. Since then, creators broadcast extreme content – from explicit scenes to “Russian roulette” – to “pump” their coins, a phenomenon documented on the wiki Pump.fun.

This model, levying fees on each transaction, benefits newcomers, transforming Pump.fun into an unregulated market.

Furthermore, the fundraising announcement caused tokens like FARTCOIN (-20%) and MOODENG (-40%) to drop, with users fearing regulation (KYC, audits). This paradox – structuring anarchy – questions the sustainability of Pump.fun. Can it remain attractive while adhering to standards?

In conclusion, with its 1 billion fundraising for a 4 billion valuation on June 10, 2025, Pumpfun embodies the Web3 paradox: a profitable chaos seeking legitimacy. Backed by 700 million in revenue and $PUMP, its future will depend on its ability to reconcile innovation and regulation. For investors, it’s a speculative opportunity but with high risk. According to quant_larp, the PUMP launch will be a true “test of investors’ risk appetite” in the crypto space.

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Charles Ledoux

Charles Ledoux

Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.

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