Pump.fun Co-Founder Denies Token Launch Rumors

by A1

3 hours ago

Pump.fun co-founder Alon has dismissed rumors of a potential token launch, urging trust only in official announcements.

Alon's Official Statement

Alon, the co-founder of Pump.fun, has dismissed rumors about a potential token launch and IPO, calling the reports inaccurate. In a recent post, he emphasized trusting only official announcements from the Pump.fun X account.

Seeing rumors about a potential Pump.fun token – these are wrong. Would advise not to listen to anything that didn’t directly come from Pump.fun.Alon

Wu Blockchain’s Response

Despite Alon’s denial, Wu Blockchain insisted that Pump.fun was indeed planning a token launch. They claimed that the Wu Blockchain team obtained detailed coin issuance documents provided by Pump.fun to the exchanges.

It is almost a public fact that Pumpfun plan to issue token using the Dutch auction inside the CEXs, please don't lie.Wu Blockchain

Pump.fun’s Growth and Legal Challenges

Since its launch in January 2024, Pump.fun has become a leading meme coin launchpad on Solana, with over 7 million tokens launched. However, the platform now faces increased regulatory scrutiny. Lawsuits allege violations of U.S. securities laws and price manipulation.

Despite denials and legal challenges, Pump.fun continues to be among the most active platforms in the meme coin space. The issue of a potential token launch remains open and will be addressed by official company announcements.

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