Pump.fun Founder Denies Token Launch Rumors Amid Legal Scrutiny
Pump.fun co-founder Alon Cohen has dismissed rumors about an upcoming Pump.fun token, calling reports of a Dutch auction launch with centralized exchanges false. Cohen emphasized that the team remains focused on product improvements and properly rewarding users, urging the community to ignore unauthorized claims. This contradicts crypto analyst Wu Blockchain’s report claiming documents confirm token launch plans. The denial comes as Pump.fun faces legal challenges, including lawsuits alleging unregistered securities sales and price manipulation schemes, intensifying regulatory scrutiny around the platform’s operations.
