Pumpfun’s large-scale pre-sale for PUMP tokens, together with preparations for itemizing on centralized exchanges, has been on the cryptocurrency neighborhood’s agenda. Nonetheless, one other situation that caught the neighborhood’s consideration was the statements made by one of many platform’s founders, Alon, prior to now.
In a put up dated March 31, 2024, Alon brazenly questioned the aim of pre-sales and made the next assertion:
“The one benefit of pre-sales is that it provides you the chance to pocket the cash raised.
Conclusion: Each pre-sale is a rip-off.”
These statements have created battle and belief points in the neighborhood, particularly contemplating that Pumpfun is presently distributing tokens by way of a pre-sale mannequin.
In one other put up he made this yr, Alon criticized the itemizing processes of centralized exchanges and stated:
“Trade listings are useless; there isn’t any transparency within the itemizing course of, resulting in fraudulent transactions and poor high quality coin choice.”
PUMP, which will probably be launched on July 12, has additionally agreed with the authorities to be listed on many centralized cryptocurrency exchanges. PUMP builders usually come to the fore with the switch and sale of their platform revenues to centralized cryptocurrency exchanges as Solana in onchain metrics.
*This isn’t funding recommendation.
