{"id":857960,"date":"2025-06-25T10:11:39","date_gmt":"2025-06-25T15:11:39","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/06\/25\/pump-funs-1b-token-launch-sparks-hype-scrutiny-and-backlash-across-crypto-community\/"},"modified":"2025-06-25T10:11:39","modified_gmt":"2025-06-25T15:11:39","slug":"pump-funs-1b-token-launch-sparks-hype-scrutiny-and-backlash-across-crypto-community","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/06\/25\/pump-funs-1b-token-launch-sparks-hype-scrutiny-and-backlash-across-crypto-community\/","title":{"rendered":"Pump.fun\u2019s $1B Token Launch Sparks Hype, Scrutiny, and Backlash Across Crypto Community"},"content":{"rendered":"<article id=\"post-150491\">\n<div>\n<p><strong>The attention of the crypto world is once more fixed on the <a href=\"https:\/\/memecoinscreener.com\/gor-surges-into-top-15-pumpfun-memecoins-momentum-builds-toward-100m-market-cap\/\">meme coin<\/a> platform <a href=\"https:\/\/nulltx.com\/tag\/PumpFun\">Pump.fun,<\/a> which has made the audacious decision to go ahead and launch its own token. <\/strong><\/p>\n<p>It plans to raise $1 billion in an initial presale stage and lists a fully diluted valuation (FDV) of $4 billion for the token, which has us rather confused. Writing this token up to four bills doesn\u2019t really jibe with how you\u2019d think a platform that just last week was calling itself a \u201cjoke\u201d would conduct itself.<\/p>\n<h2><span id=\"1_Billion_Raise_Revenue_Sharing_and_No_Vesting_The_Token_Plan\"><strong>$1 Billion Raise, Revenue Sharing, and No Vesting: The Token Plan<\/strong><\/span><\/h2>\n<p>Per sources such as Blockworks and The Block, Pump.fun is ready to launch its own token and has some big plans for it. The company aims to not just raise a substantial amount of money ($1 billion) through public and private sales but also to give its token quite a nice bump in terms of perceived value right out of the gate. That is, right after it lists, the company wants it to have a $4 billion FDV (fully diluted valuation). Pump.fun is already in the process of raising some of that $1 billion.<\/p>\n<blockquote data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">1\/???? <a href=\"https:\/\/twitter.com\/hashtag\/pumpfun?src=hash&#038;ref_src=twsrc%5Etfw\">#pumpfun<\/a>  is launching its own token<br \/>\u2013 $1B presale<br \/>\u2013 $4B FDV<br \/>\u2013 Revenue sharing <a href=\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&#038;ref_src=twsrc%5Etfw\">#crypto<\/a> model<br \/>Sounds like the next big <a href=\"https:\/\/twitter.com\/hashtag\/Web3?src=hash&#038;ref_src=twsrc%5Etfw\">#Web3<\/a> move \u2013 but behind the scenes, controversy is brewing. Here&#8217;s what you need to know: ???????? <a href=\"https:\/\/t.co\/j8hvPUi254\">pic.twitter.com\/j8hvPUi254<\/a><\/p>\n<p>\u2014 Stanislav Lepka (@LepkaStanislav) <a href=\"https:\/\/twitter.com\/LepkaStanislav\/status\/1935941958700032465?ref_src=twsrc%5Etfw\">June 20, 2025<\/a><\/p>\n<\/blockquote>\n<p>Sources within the company provide insight into the token\u2019s design. They say it\u2019s meant to offer something akin to revenue sharing. That is, if you hold the token, you\u2019re supposed to get a portion of the platform\u2019s profits\u2014more specifically, profits derived from the 1% buyback mechanism that\u2019s tied directly to these alleged revenues. While this setup may appeal to someone looking for a sustainable \u201creal yield\u201d\u2014as opposed to all the like-mentioned DeFi mechanisms that often wind up blowing up in our faces\u2014it comes with two big caveats.<\/p>\n<p>At this point, Pump.fun has verified this token distribution.<\/p>\n<ul>\n<li>25% for the public sale<\/li>\n<li>10% for airdrops<\/li>\n<li>65% remains unconfirmed, but is widely expected to be allocated to team members, venture capitalists (VCs), and protocol reserves.<\/li>\n<\/ul>\n<p>Although these numbers seem encouraging on the surface, much of the community is starting to scratch its collective head and ponder what the real motivation behind the launch might have been.<\/p>\n<h2><\/h2>\n<p>The timing and structure of the token raise, critics say, suggest that this is more about maximizing profit than empowering the community.<\/p>\n<p>\u201cThey\u2019ve made already hundreds of millions. Why are they asking for another billion?\u201d said one prominent crypto trader on X (formerly Twitter). Another said, \u201cThey should have introduced revenue sharing months ago. This feels like a cash grab driven by FOMO.\u201d<\/p>\n<p>Since its January 2024 launch, Pump.fun has pulled in revenues of over $742 million as of June 9, 2025. That makes it one of the most profitable platforms in the space\u2014without even having a token. Now, with the promise of revenue sharing finally on the table, many feel the team is dangling carrots after already feasting at the table.<\/p>\n<blockquote data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Exclusive: The Pumpfun token auction and listing, originally scheduled for June 25, has been postponed again and is now expected to take place in mid-July. <\/p>\n<p>Sources familiar with the matter disclosed that since Pumpfun began planning to issue and auction tokens late last year,\u2026 <a href=\"https:\/\/t.co\/UD0xIb45FA\">pic.twitter.com\/UD0xIb45FA<\/a><\/p>\n<p>\u2014 Wu Blockchain (@WuBlockchain) <a href=\"https:\/\/twitter.com\/WuBlockchain\/status\/1936055496743833965?ref_src=twsrc%5Etfw\">June 20, 2025<\/a><\/p>\n<\/blockquote>\n<p>Adding to concerns, this isn\u2019t the first time the token\u2019s rollout has been pushed back. Both the auction and the listing, originally slated for June 25, have been put off once more\u2014for now, they\u2019re rescheduled to mid-July. But folks who\u2019ve been watching closely say the auction has actually been on delay since the end of 2024, which has led to the issue being raised that, if this schedule is indeed on the up and up, is the team stretching things out because it\u2019s somehow better for valuation and interest if they do?<\/p>\n<h2><span id=\"Mass_Adoption_or_Master_Exit_Reading_Between_the_Lines\"><strong>Mass Adoption or Master Exit? Reading Between the Lines<\/strong><\/span><\/h2>\n<p>In October 2024, during a Twitter Spaces session, one of the co-founders of Pump.fun laid out some pretty ambitious goals: \u201cWe\u2019ve reinvested everything back into the platform. We want to build something like Binance\u2014or bigger. We want to bring this to the masses.\u201d<\/p>\n<p>It was a brave assertion\u2014and not of necessity untrue. The platform now counts over 1 million active wallets among its ranks. But underneath that patina, some troubling numbers emerge: only 3.26% of users are currently in the black with their trades, while more than 96% either lose money or make none that\u2019s worth talking about. This really raises the question, with a new token on the way, about ecosystem sustainability.<\/p>\n<p>Even as Pump.fun has enjoyed meme coin success, it\u2019s becoming clearer that there\u2019s a growing chasm between the hype and what the potential reality is likely to be. Sure, in a parallel universe, the token that\u2019s been promised could deliver real yield. But extreme risk has been introduced into the equation due to a couple of significant factors. One is the centralized control over the actual token supply. And the other is that vesting, which might serve as a bulwark against extreme risk, just isn\u2019t happening here.<\/p>\n<p>Some see the token launch as a long-anticipated opportunity to partake in the platform\u2019s substantial earnings. Others view it as the founding team\u2019s signaling to the masses that they\u2019re getting ready to execute a well-planned, high-profile exit.<\/p>\n<h2><span id=\"Conclusion\"><strong>Conclusion<\/strong><\/span><\/h2>\n<p>Pump.fun\u2019s token launch promises to be one of the most discussed\u2014and controversial\u2014Web3 events this year. Why? Because it could make a staggering amount of money, and because its presale goal is almost certainly going to ruffle some feathers. That goal? Raise at least $500 million prior to the actual token launch. And guess what? The organizers plan to do this without letting the funds raised during the presale sit in a trust for the token holders. That\u2019s right: No vesting.<\/p>\n<p>As the date of the auction in mid-July nears, investors and community members must make a judgment call: is this a sincere attempt to decentralize a platform that prints money like no other, or is it merely the curtain call for what has been a very profitable gig?<\/p>\n<p><i>Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.<\/i><\/p>\n<p><b>Follow us on Twitter\u00a0<\/b><a href=\"https:\/\/twitter.com\/nulltxnews\" rel=\"nofollow\"><b>@nulltxnews<\/b><\/a><b>\u00a0to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and\u00a0<\/b><a href=\"https:\/\/nulltx.com\/top-10-nft-metaverse-news-websites-to-follow-in-2022\/\"><b>Metaverse news<\/b><\/a><b>!<\/b><\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/nulltx.com\/pump-funs-1b-token-launch-sparks-hype-scrutiny-and-backlash-across-crypto-community\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n Will Izuchukwu<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The attention of the crypto world is once more fixed on the meme coin platform Pump.fun, which has made the audacious decision to go ahead and launch its own token. It plans to raise $1 billion in an initial presale stage and lists a fully diluted valuation (FDV) of $4 billion for the token, which<\/p>\n","protected":false},"author":1,"featured_media":857961,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[103921,22591],"tags":[],"class_list":["post-857960","post","type-post","status-publish","format-standard","has-post-thumbnail","category-funs","category-token"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/857960","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=857960"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/857960\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/857961"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=857960"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=857960"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=857960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}