Pump.fun Co-Founder Refutes Reports of New Token Plans

by A1

3 hours ago

The crypto world is abuzz with rumors about a new token from Pump.fun, but the co-founder refutes these claims.

The Conflicting Claims

Pump.fun's co-founder Alon Cohen has denied reports from journalist Colin Wu about plans for a new token. Cohen stated that the rumors are incorrect, and the team is focused on other priorities.

“Seeing rumours about a potential pump fun token, these are wrong. Would advise not to listen to anything that didn’t directly come from @pumpdotfun.”Alon Cohen

Legal Troubles and Controversies

The rumors come amid legal challenges against Pump.fun, including a class-action lawsuit in New York and demands from Burwick Law and Wolf Popper LLP to remove tokens infringing on intellectual property.

Strong Activity Despite Challenges

Despite legal issues, Pump.fun remains active, driving about 60% of trading activity on Solana's DEX scene, asserting its compliance with legal standards.

As the crypto community remains divided over the potential token launch, Pump.fun continues its operations while facing legal hurdles.

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