Pump.fun Plans to Raise $1 Billion Via Token Sale Postponed Again, Now Set for Mid-July

Description

Pump.fun’s $4B token sale was delayed again, now rescheduled for mid-July. The platform faces a class action lawsuit over alleged price manipulation and securities law violations. X suspended Pump.fun’s accounts days before the auction delay, adding more uncertainty to the project’s timeline. The planned public token sale for the Solana-based memecoin launchpad Pump.fun has been postponed again, with the team now targeting a mid-July launch, according to sources cited by Wu Blockchain. The platf...