Pump.fun plans to raise $1 billion via a token sale, two sources with knowledge of the matter told Blockworks. 

Three sources said the sale would come at a $4 billion token valuation. 

The token will be sold to both public and private investors, sources added. Blockworks could not immediately confirm when the token is set to go live or whether it will be issued on the pump.fun platform. However, a post on X teased that it could come in the next two weeks.

The potential $4 billion token valuation would mint pump.fun as crypto’s latest unicorn startup after a year in which it helped ignite a memecoin frenzy.

Pump.fun did not immediately return multiple requests for…

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