Pumpfun’s large-scale pre-sale for PUMP tokens, along with preparations for listing on centralized exchanges, has been on the cryptocurrency community’s agenda. However, another issue that caught the community’s attention was the statements made by one of the platform’s founders, Alon, in the past. In a post dated March 31, 2024, Alon openly questioned the purpose of pre-sales and made the following statement: “The only advantage of pre-sales is that it gives you the opportunity to pocket the money raised. Conclusion: Every pre-sale is a scam.” These statements have created conflict and trust issues in the community, especially considering that Pumpfun is currently distributing tokens via a pre-sale model. In another post he made this year, Alon criticized the listing processes of centralized exchanges and said: “Exchange listings are dead; there is no transparency in the listing process, leading to fraudulent transactions and poor quality coin selection.” PUMP, which will be launched on July 12, has also agreed with the authorities to be listed on many centralized cryptocurrency exchanges. PUMP developers often come to the fore with the transfer and sale of their platform revenues to centralized cryptocurrency exchanges as Solana in onchain metrics. *This is not investment advice.
Shiba Inu Smashes Triangle Pattern Against Bitcoin, But Looks Weak Against Dogecoin
2 hour ago
Morning Release from South Korea! Two New Altcoins Listed, Prices See Sharp Rise!
2 hour ago
SEC’s Cryptocurrency Leader Hester Peirce Issues Serious Warning to the Crypto Sector
2 hour ago
XRP Traders Target $6 as Ripple’s RLUSD Surges Past $500M Market Cap
2 hour ago
PUMP Lingers at 40% Premium Over ICO Price on Hyperliquid Ahead of Pump.fun Token Sale
2 hour ago
Tron (TRX) Founder Justin Sun Announces Intention to Buy $100 Million in Surprise Altcoin
2 hour ago