Alon Cohen, the founder of Pump.Fun, dismissed reports about the platform preparing to release a native token based on Solana. Colin Wu, a digital currency journalist, had reported on plans to distribute the token through a Dutch auction system, citing internal exchange sources. Cohen emphasized that these rumors are false and the company remains focused on improving its platform. However, Wu stood by his report, claiming his team had obtained official documents. This controversy arises as Pump.Fun faces legal challenges, with a class-action lawsuit alleging the platform violated US securities laws by selling unregistered securities. Additionally, two legal firms have requested the removal of over 200 tokens from the platform, alleging infringement of their intellectual property rights.
