Pump.fun Denies Token Launch Rumors Amidst Lawsuits

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🚨 BREAKING NEWS 🚨

Alon Cohen, the co-founder of Pump.fun, has taken to X to debunk rumors about an upcoming token launch. In a hilariously sarcastic message, he urged users to ignore any information that didn’t come directly from the platform.

Cohen’s team is focused on product improvements and “rewarding users properly,” he said. But let’s be real, they’re probably just trying to avoid another lawsuit. 😂

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…

— alon (@a1lon9) February 9, 2025

This comes as a shock to 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. 😲

But wait, there’s more! Pump.fun is also facing legal challenges from Burwick Law and Wolf Popper LLP, who filed the first major lawsuit against the platform, alleging violations of U.S. securities laws. 🚨

The second lawsuit expanded allegations against Baton Corporation Ltd., Pump.fun’s operator, and key platform executives, targeting what plaintiffs mentioned as coordinated price manipulation schemes harming retail investors. 💸

So, while Cohen’s team is busy improving their product, they might want to focus on staying out of trouble with the law. 😉

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2025-02-09 17:10