Alon, co-founder of crypto platform Pump.fun, has refuted circulating rumors about a potential token launch and IPO, emphasizing that only official announcements from the Pump.fun account should be trusted.
Denial of Token Launch Rumors
In a recent statement, Alon emphasized that rumors regarding a potential Pump.fun token are inaccurate. He advised users to trust only official announcements from the Pump.fun account. Alon reassured users that the team remains dedicated to improving the platform and rewarding its users.
Wu Blockchain's Response
Despite Alon’s denial, Wu Blockchain insists that Pump.fun indeed plans to launch a token via a Dutch auction with centralized exchanges. According to leaked documents, early investors were expected to receive 22.05% of the tokens, with the team controlling 25% under a one-year lockup and gradual monthly releases over the next three years. However, Pump.fun has not officially confirmed such plans.
Pump.fun’s Popularity and Legal Challenges
Since its launch in January 2024, Pump.fun has grown in popularity, becoming a leading meme coin launchpad on Solana. Over 7 million tokens have been launched, accounting for nearly 50% of Solana’s decentralized exchange trading volume. Data from Dune Analytics estimates Pump.fun’s revenue at over $500 million. However, the platform faces increasing regulatory scrutiny, including several lawsuits alleging violations of U.S. securities laws and price manipulation.
As rumors of a Pump.fun token launch remain in the spotlight, the team continues to deny them, urging users to trust only official statements. Whether a Pump.fun token will materialize remains uncertain, but the company firmly denies current rumors.
