Pump.fun Plans to Raise $1 Billion Via Token Sale Postponed Again, Now Set for Mid-July

• Pump.fun’s $4B token sale was delayed again, now rescheduled for mid-July.
• The platform faces a class action lawsuit over alleged price manipulation and securities law violations.
• X suspended Pump.fun’s accounts days before the auction delay, adding more uncertainty to the project’s timeline.

The planned public token sale for the Solana-based memecoin launchpad Pump.fun has been postponed again, with the team now targeting a mid-July launch, according to sources cited by Wu Blockchain. The platform was originally expected to hold the auction on June 25, with the goal of raising $1 billion at a $4 billion valuation.

The delay follows a series of postponements that started last year when the platform first announced plans to issue and auction tokens. Since then, the schedule has shifted multiple times, with no clear explanation for the most recent change. However, the suspension aligns with growing legal scrutiny and platform-related disruptions.

Legal Challenges from Burwick Law

Pump.fun is currently facing legal action across multiple jurisdictions. On January 15, Burwick Law filed a class action lawsuit, accusing the project of violating securiti…

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