Analysis Suggests Pump.fun’s $500M Presale Tokens May Not Be Locked Despite Withdrawal Function Claims
2025-07-15 10:39:41
Main Idea
Analysis reveals that Pump.fun's $500M presale tokens may not be locked, with experts clarifying the smart contract structure and token accessibility, while the ICO demonstrated strong market demand and transparent tokenomics.
Key Points
1. Pump.fun's $500M presale tokens are not locked, as revealed by crypto security experts, due to the smart contract structure on Solana and Ethereum.
2. Hacken's analysis distinguished between a test/counterfeit token and the authentic Pump.fun ICO token, confirming the latter's legitimacy and integrity.
3. The ICO raised $500 million in 12 minutes, with 33% of 1 trillion PUMP tokens sold, and allocations for institutional (18%) and retail (15%) investors, plus ecosystem development (24%).
4. Transparency was verified via Solana blockchain explorers, showing 85% of tokens were distributed as planned.
5. The project's success and clarification of token mechanics have positively impacted the memecoin market, with projects like LetsBonk gaining traction.
Description
Recent rumors suggesting that Pump.fun’s $500 million presale tokens are irretrievably locked due to a missing withdrawal function in its smart contract have been debunked by expert analysis. Crypto security
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