Pump.fun, a Solana-based meme coin launchpad, has dismissed speculation about an imminent token launch.
On February 9, co-founder Alon Cohen addressed the rumors on X, urging users to rely only on official updates from the team.
Pump.fun Has No Immediate Plans for a Token
Cohen clarified that reports about a potential Pump.fun token are inaccurate. While the platform remains dedicated to rewarding its users, he emphasized that its primary focus over the past year has been on enhancing its product.
“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. While the pump fun team has mainly been focused on improving the product in its 1-year history, the team has always been committed to rewarding its users properly good things take time,” Cohen stated.
Earlier today, rumors of a token launch surfaced on social media after reports suggested that Pump.fun was planning a Dutch auction in partnership with unnamed centralized exchanges. This fueled speculation about a possible airdrop for early adopters.
The reports also alleged that the token would have a total supply of 420 million, with 50% initially unlocked for public sale. However, Cohen’s statement claims these reports were wrong.
Last year, BeInCrypto reported that Pump.fun hinted at launching a native token but did not provide a timeline. The team confirmed that early adopters would receive a share of the token supply as a reward.
However, no further updates have been given about the plan since then.
Growth, Challenges, and Legal Scrutiny
Since its launch in January 2024, Pump.fun has become one o
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Author: Oluwapelumi Adejumo
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