Pump.fun co -founder rejects speculation of launching the distinctive symbol of the pump

The co -founder of Pump.fun Alon Cohen rejected speculation about the launch of a code for the next pump.

The development comes at a time when the platform faces a possible lawsuit for sale alleged for unregistered securities.

Distinguished symbol launch rumors

Cohen addressed rumors on x, male“Seeing rumors about a fun code for the pump – this is wrong.” He also urged users to rely only on the official updates of the team. The Executive Authority stressed that the statute is still focused on improving its services and rewarding users, adding that “good things take time!”

Follow his response Reports From Wu Blockchain, who suggested that Pump.fun was preparing for a Dutch auction in cooperation with the unveiled central stock exchanges. This also led to rumors about a possible air occurrence for the first adoption.

Pamphlet Claim For internal documents determining the process of issuing the distinctive symbol. He also stated that the timing of the version was not completed, citing the legal challenges faced by the Solana -based MEME COINA company.

The claims also claimed that the distinctive symbol would be a total of 420 million, with 50 % available for sale in general at the release. However, Cohen denied all these rumors, saying that all reports of launching a false symbol.

Legal challenges

Pump.fun currently faces a proposed collective lawsuit accusing the stock violations platform.

The lawsuit claims that every symbol created through POMP.fun is qualified as an unregistered guarantee and claims that the company has achieved approximately $ 500 million as fees of these transactions. A similar case was presented by a different prosecutor just two weeks ago.

Besides its legal problems, the platform also dealt with a debate about the Livestream feature that was presented in November 2024. While it aims to enhance the user’s participation, the feature was quickly used to broadcast explicit and disturbing content. In response to the reverse reaction, the pump.fun closed the function, which led to a decrease in revenue.

Last year, FCA also warned of Pump.fun, saying it may provide or enhance financial services or products without appropriate permission. As a result, the company was forced to prevent access to its services to UK users.

Despite these challenges, the activity is still on a strong Solana -based Mimian coin launching platform. In addition, Solana continues to lead the decentralized exchange market (DeX), which represents 48 % of the total DeX size, with approximately 60 % of this activity driven by a pump.