Pump.fun Co-Founder Alon Cohen Denies Rumors That Project Is Launching Own Native Token

Description

Pump.fun co-founder Alon Cohen is denying reports that the Solana ( SOL )-based memecoin launchpad will issue its own native token. Crypto reporter Colin Wu earlier said that Pump.fun is working on launching its own token and plans to use the Dutch auction system in the public offerings. Wu said that his team confirmed the information with insiders from multiple centralized exchanges (CEXs) that Pump.fun is purportedly working with to develop the system. In response, Cohen says on the social med...