PANews reported on June 4 that according to Blockworks, citing multiple people familiar with the matter, Solana ecosystem meme coin platform Pump.fun plans to raise $1 billion through token sales, with a valuation of $4 billion, targeting public and private equity investors. Although the official has not yet confirmed the release date, the platform's social account hinted that it may be launched within two weeks. Since its launch in early 2024, Pump.fun has generated nearly 11 million tokens for users, with a total market value of approximately $4.5 billion and cumulative revenue of more than $700 million. It has launched AMM and mobile applications and has broken away from its partnership with Raydium. The platform's daily revenue during peak periods exceeded $7 million, and is currently about $1 million per day.