Pump.fun’s co-founder dismisses speculation about an upcoming token launch, urging users to rely only on official updates.
Pump.fun Refutes Token Launch Rumors
Pump.fun’s co-founder, Alon Cohen, has denied circulating rumors about a planned token release. He urged users to ignore any claims not officially announced by the platform.
Cohen, who helped launch Pump.fun in January 2024, clarified on X that the team remains focused on improving the platform and properly rewarding users. He emphasized that “good things take time,” cautioning against misinformation.
This statement contradicts an earlier report by crypto analyst Wu Blockchain, which suggested Pump.fun was preparing a token launch via a Dutch auction in collaboration with centralized exchanges. Speculation about the token’s features included revenue-sharing incentives and exclusive platform access for holders.
Legal Challenges Add Pressure on Pump.fun
Pump.fun has gained popularity as a meme coin launchpad on the Solana blockchain, allowing users to create and trade tokens with ease. However, the platform now faces growing legal scrutiny.
📌 First Lawsuit – January 16:
Burwick Law and Wolf Popper LLP filed a lawsuit, accusing Pump.fun of violating U.S. securities laws by facilitating unregistered token sales. The complaint highlighted the Peanut the Squirrel token, which allegedly saw artificial price inflation before crashing.
📌 Second Lawsuit – January 30:
A second legal action expanded accusations against Baton Corporation Ltd. (Pump.fun’s operator) and key executives. Plaintiffs claim the platform engaged in coordinated price manipulation, harming retail investors.
With regulatory scrutiny intensifying, Cohen’s warning about unauthorized claims comes at a critical moment for Pump.fun.
Key Takeaways
✔ Pump.fun co-founder denies rumors of a token launch.
✔ The team remains focused on product development and user rewards.
✔ Legal challenges mount, with two lawsuits targeting the platform.
✔ Regulators accuse Pump.fun of price manipulation and securities violations.
