PumpFun co-founder Alon Cohen denied rumors about launching a token using a Dutch auction model in partnership with centralized exchanges.
The platform faces legal scrutiny over allegations of facilitating unregistered securities trading through speculative meme token launches.
Recently, the crypto community was abuzz with rumors that PumpFun, a Solana-based token launch platform, would be releasing its own token using the Dutch auction model.
Furthermore, reported to be supporting the system is the platform’s cooperation with various centralized exchanges (CEX). This rumor rapidly went across several platforms and social media, generating different speculations.
But Alon Cohen, PumpFun co-Founder, firmly denied the rumors before the community could get carried away by the euphoria. He advised users to rely just on official statements from the platform team since the information that is being shared is not true.
This statement definitely begs the issue: Is PumpFun truly intending
