Pump.Fun rejects rumors about launching tokens on the heels of lawsuits

Co-founder The pumps.fun denied circulating rumors about the upcoming launch of the tokens, calling users to ignore the information that platforms do not share directly.

Co-founder Alon Cohen, who helped launch the pump.fun in January 2024. years, was published on X that his team remains focused on improving the product. They also remained dedicated to “proper useful users,” he said.

Cohen’s message emphasized the importance of patience, stating “good things needed time”, while warning is against unauthorized claims on platform planned claims. This comes as the platform goes through more attention both traders and regulators.

The statement is contrary to before reports From the CRIPTO analyst Vu BlocCchain, who reported the pump.fun prepared to relax the token through the Dutch auction model in cooperation with centralized exchange.

Speculation on the characteristics of the token included to share income and exclusive access to the owner platforms.

Pump.fun was founded as a prominent meme launch meme on a saltworker (Salt) Blockcain, allowing users to quickly create and trade tokens. However, the platform is now facing several legal challenges.

16. January, Burvick Lion and Wolf Popper LLP submit The first main lawsuit against the platform. The alleged violations of the Law on Securities on Facilities of Unregistered Sales of Securities was disguised as Meme Token.

The complaint was especially emphasized by the case of a squirrel of the squirrel, which allegedly experienced inflation of artificial prices through the promotions of the influence before collapse.

Legal pressure was amplified on January 30, and another lawsuit that expands allegations against Baton Corporation Ltd., pumps.fun operators and key platform managers. These legal actions target which plaintiffs mention as coordinated schemes of price manipulation on which retail investors.

The warning of co-founder against unauthorized requests comes as the platform goes through this increased regulatory surveillance.