Pump.fun, Trump-Backed DeFi, Dominate 2025’s Biggest Token Sales

Pump.fun topped the largest token sales of 2025, as it raised $600 million. The Solana-based meme coin platform completed its PUMP token sale on July 12.

Interestingly, the offering sold out in roughly 12 minutes.

Largest Token Sales of 2025

The sale followed a revision to the public allocation, which was reduced to 12.5% of the total 1 trillion token supply, after 18% had already been distributed through a prior private sale. Participation required KYC verification. According to the project, the token launch is tied to Pump.fun’s strategy to expand into on-chain social and live-streaming use cases.

The remaining supply is distributed across team allocations, ecosystem and community incentives, liquidity, investor allocations, and foundation and streaming-related funds.

According to CryptoRank’s compiled data, the second-largest raise came from World Liberty Financial (WLFI), a DeFi project backed by US President Donald Trump, which has raised around $550 million since launching its public token sale. The most recent round concluded in March and covered 25% of WLFI’s 100 billion token supply.

WLFI co-founder Zak Folkman has said that approximately 63% of the total supply is intended to be sold to the public over time, which means that further sales may follow as the project continues its roll-out.

Outside the top two, capital inflows were more fragmented but still significant across projects. For instance, Layer 1 blockchain Monad ranked third with $217 million raised. The network went live on November 24 and was accompanied by an airdrop of its MON token. While MON has a total supply of 100 billion tokens, only about 10.8% is currently unlocked and circulating.

Other Blockchain Token Sales

“High-performance” Ethereum scaling solution, MegaETH, followed with $78 million. The Layer 2 is backed by investors including Dragonfly Capital and Ethereum co-founder Vitalik Buterin.

Privacy infrastructure also featured prominently. Aztec Network, for one, secured $52 million for its zero-knowledge-based Ethereum Layer 2. Plasma, a stablecoin-focused blockchain designed to combine Bitcoin’s security with Ethereum Virtual Machine (EVM) compatibility, raised $50 million, supported by investors such as Founders Fund, Framework Ventures, and Bitfinex.

Rounding out CryptoRank’s top 10 were Gensyn with $16 million, Solayer with $10.5 million, Sahara AI with $8.5 million, and Lombard with $6.7 million.

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