Pump.fun’s “Non-Launch” Launch: No Token for You! 😜

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Attention crypto speculators! 📣 Pump.fun, the Solana-based meme coin launchpad, has some news that will leave you deflated:

There’s no token launch happening. Yup, you read that right!

Co-founder Alon Cohen took to X on February 9 to set the record straight, urging users to ignore rumors and trust only official updates.

“Seeing rumors about a potential pump fun token – these are wrong… Would advise not to listen to anything that didn’t directly come from Pump.fun…”

Despite whispers of a Dutch auction and potential airdrop, Cohen confirmed that reports of a token launch were nothing but hot air. 🎈

But don’t worry, Pump.fun is still committed to rewarding its users. They’ve just been too busy improving their product over the past year to focus on tokenization. Good things take time, right?

Meanwhile, the platform has seen impressive growth, generating over $500 million in revenue and accounting for nearly 50% of Solana’s decentralized exchange trading volume. Not too shabby!

However, it’s not all sunshine and rainbows for Pump.fun. They’ve faced criticism, regulatory scrutiny, and even a proposed class-action lawsuit. But hey, who said innovation was easy?

Cohen remains defiant, insisting that Pump.fun’s appeal lies in its accessibility, allowing anyone to participate in early-stage token launches. Just, you know, without the whole “token” part for now.

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2025-02-09 13:40