Pump.fun's co-founder Alon spoke against rumors of a possible token launch and IPO, stating that these claims are inaccurate.
Denial of Rumors
Alon, co-founder of Pump.fun, recently dispelled rumors regarding a potential token launch, stating that such reports are incorrect. He emphasized that only announcements from Pump.fun's X account should be trusted.
Wu Blockchain's Response
Despite Alon's denial, analyst Wu Blockchain asserted that Pump.fun is indeed planning a token launch. According to Wu Blockchain, detailed documentation on the coin issuance has been provided to centralized exchanges for auction.
Pump.fun's Rising Popularity and Legal Challenges
Since its launch in January 2024, Pump.fun has become a leading meme coin platform on Solana. However, the platform faces increased scrutiny from regulators, with lawsuits alleging violations of securities laws.
Despite legal pressures, Pump.fun remains an active platform in the meme coin sector. Alon reiterated the importance of official announcements and cautioned users against misinformation.
