Solana-based Pump.fun's X account was hacked, promoting fake PUMP tokens. The hackers extracted $600,000. Community alerted others to the scam.
Pump.fun co-founder Alon Cohen claims tech altcoins are as speculative as meme coins.
Solana-based PumpFun launched 52,000 tokens in one day, raising legal concerns. While generating $1B revenue last year, many memecoins plummeted post-launch, affecting late investors. Co-founder Alon Cohen dismissed platform token rumors.
Pump.Fun co-founder Alon Cohen compares most altcoins to memes, questioning their long-term value and effectiveness.
Pump.fun denies rumors of a new token launch, focusing on product enhancements. Despite legal challenges, it emphasizes user rewards and remains a leader in the meme coin market.