Pump.fun’s co-founder Alon Cohen has dismissed speculation about an upcoming PUMP token launch.
The development comes as the platform is facing a potential class-action lawsuit for the alleged sale of unregistered securities.
Token Launch Rumors
Cohen addressed the rumors on X, stating, “Seeing rumors about a potential pump fun token – these are wrong.” He also urged users to rely only on official updates from the team. The executive emphasized that the platform remains focused on improving its services and rewarding users, adding that “good things take time!”
His response followed reports from Wu Blockchain, which suggested that Pump.fun was preparing for a Dutch auction in collaboration with unnamed centralized exchanges. This also led to rumors about a potential airdrop for early adopters.
The publication claimed to have obtained internal documents outlining the token issuance process. It also stated that the timing of the release had not been finalized, citing legal cha
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