Pump.fun’s native token PUMP is starting out its first price discovery with a pre-market listing on Aevo. Immediately, PUMP rallied to over $4, signaling a potential high valuation for the actual launch.
The decentralized derivative exchange Aevo launched pre-market trading for Pump.fun’s anticipated PUMP token. The launch assumed a supply of 1B tokens, though the listing may be adjusted in the future based on the actual token generation event.
New Pre-Launch Listing: $PUMP @pumpdotfun
Trade it here: https://t.co/xRGkZyabfB pic.twitter.com/m6yKeIbZBd
— Aevo (@aevoxyz) June 16, 2025
Users show early interest in token
While highly volatile, the launch gave some insights into the potential valuation of Pump.fun. In pre-market trading with around $65K in volumes initially, PUMP rose above $4.40. The current valuation is close to the intended fully diluted value of $4B for all PUMP tokens during the actual launch.
The token was a long-awaited addition to the meme launch ecosystem, though it comes with a reasonable amount of caution. There is still no deadline for the token, although Pump.fun recently announced it plans to raise up to $1B. The platform also cashed out a significant amount of SOL, so there is no clear need for financing, but a token sale may fuel further expansion.
The pre-market valuation, though still achieved with low trading volumes, suggests there may be much bigger demand for Pump.fun’s token. At the intended valuation, it would aim to be one of the biggest token sales in 2025.
Initially, Pump.fun hinted at an airdrop, but has given up on a token. The chief fear is that the launch of PUMP would remove liquidity from smaller meme assets and distort the market.
The new token launch has not been officially announced, but hints from crypto KOLs are showing signs that the event may happen soon.
Multiple copycat tokens have been launched, but there is still no official PUMP token market outside pre-market futures.
Pump.fun activity accelerates
Pump.fun recovered from its previous slumps, once again rising to over 20K active addresses launching new tokens. Streaming is becoming more active, and the platform still carries multiple trends based on social media, news, or mashups between previous meme trends.
The platform achieves over 100K daily active addresses, with typical daily activity of up to 30K new tokens. Much fewer tokens graduate, but the competition among new assets is still offering the potential to buy the day’s winning token.
The native PumpSwap exchange is also increasing its market share, taking up to 21% of meme token trading on Solana.
Pump.fun and PumpSwap take up to 26% of the meme DEX market, gradually rising in the past few months. | Source: Dune Analytics
The DEX carried over $2.3B in weekly volumes, showing there is still demand for Solana memes and enough creators to drive new trends. Pump.fun has also added more detailed tracking on tokens making significant moves, allowing traders to join the more liquid and active pairs.
The movers feature on the Pump.fun app changes the game from sniping and investing in any and all new tokens, instead pinpointing the ones with more active trading.
Pump.fun retains around $2M in daily fees, still in the top 10 of fee-producing apps on Solana. The platform is still down from its peak daily fees of over $13M, though it has still achieved a higher baseline on all metrics.
For now, Pump.fun remains the main platform for token launches, while aiming to increase its organic traffic and limit bot activity.
Read the full article here
