Pump.fun, a same -term launchpad based in Solana, rejected speculation on an imminent token launch.
On February 9, the co-founder Alon Cohen addressed rumors on X, urging users to trust only the official updates of the team.
Cohen said that reports on a potential pump. Although the platform remains dedicated to rewarding its users, he stressed that its main objective in the past year has been to improve its product.
“Seeing rumors on a fun pump potential token – these are false. Would advise not to listen to anything who does not come directly from Pump.fun. While the Pump Fun team mainly focused on improving the product in its one -year history, the team has always been committed to rewarding its users although good things take time, “said Cohen.
Earlier in the day, rumors of a launch of token surfaced on social networks after reports suggested that Pump. This speculation has fueled a possible airline for the first adopters.
The reports also alleged that the token would have a total offer of 420 million, 50% of which were initially unlocked for public sale. However, Cohen’s statement says that these reports were wrong.
Last year, Beincryptto reported that Pump.fun hinted at the launch of a native token but did not provide a calendar. The team confirmed that the first adopters would receive a share of the offer of tokens as a reward.
However, no other update has been given in terms since then.
Growth, challenges and legal examination
Since its launch in January 2024, Pump.fun has become one of the main ecosystems of the parts market even.
Until now, more than 7 million tokens have been created on the platform, representing almost 50% of the volume of decentralized stock market in Solana. Dune Analytics data show that Pump.fun has generated more than $ 500 million in income.
However, the rise of Pump.fun was not without challenges. Last year, the platform was criticized when its live functionality was used to disseminate worrying content, including violence and self-harm. In response to the public counterpoup, the company has indefinitely suspended functionality.
The regulatory examination has also intensified. The Financial Conduct Authority (FCA) of the United Kingdom has issued a warning against Pump.fun, citing unauthorized financial promotions. The regulator then blocked access to the platform in the United Kingdom.
More recently, Pump.fun was appointed in a collective appeal trial filed before a New York Federal Court.
The applicant maintains that each token launched on the platform constitutes unregistered security. The trial also alleges that Pump.fun took advantage of the platform fees while using aggressive marketing tactics that have led to investors’ losses.
Despite these legal and regulatory obstacles, Cohen defended the mission of the same corner platform.
“The reason for which Pump.fun is controversial is that it allows anyone to be early, something that was reserved for a few,” he said.
He declared that the attraction of the platform lies in its accessibility, allowing anyone to participate in tokens launches at an early stage – a privilege previously reserved for a few privileged.
In any case, the potential abuse and often the abuse of this launch are difficult to ignore.
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