Pump.fun Co-Founder Denies Rumors of Upcoming Token Launch

Pump.fun co-founder Alon Cohen has publicly denied rumors circulating about an upcoming token launch, urging users to disregard any information not directly shared by the platform.

Cohen took to X to reassure users that the team remains focused on product improvements and is committed to “rewarding users properly.” He emphasized the importance of patience, stating “good things take time,” while warning against unauthorized claims about the platform’s plans.

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

Contradicting Earlier Reports

This statement contradicts earlier reports from crypto analyst Wu Blockchain, who reported that Pump.fun was preparing to release a token through a Dutch auction model in collaboration with centralized exchanges. The rumored token features included revenue sharing and exclusive platform access for holders.

Pump.fun’s Background and Challenges

Pump.fun has established itself as a prominent meme coin launchpad on the Solana blockchain, allowing users to create and trade tokens quickly. However, the platform faces several legal challenges, including two major lawsuits filed in January 2025.

The first lawsuit, filed by Burwick Law and Wolf Popper LLP, alleged violations of U.S. securities laws through the facilitation of unregistered securities sales disguised as meme tokens. The complaint specifically highlighted the case of the Peanut the Squirrel token, which allegedly experienced artificial price inflation through influencer promotions before a collapse.

Increased Regulatory Scrutiny

The second lawsuit, filed on January 30, expanded allegations against Baton Corporation Ltd., Pump.fun’s operator, and key platform executives. These legal actions target what plaintiffs mentioned as coordinated price manipulation schemes harming retail investors.

Tips for investors:

  • Always verify information directly from the source to avoid misinformation.
  • Be cautious of rumors and speculation, especially in the crypto market.
  • Stay informed about regulatory updates and their potential impact on your investments.

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