Pumpfun Token Rumors Spark Debate Amid Conflicting Reports

Speculation is growing around Pumpfun potentially launching its own token, with rumors suggesting the project is preparing a public offering via a Dutch auction model in collaboration with various CEXs. The claims were initially shared by @hebi555, and later confirmed by WuBlockchain, citing insider sources from multiple exchanges.

Binance Co-Founder Fuels Speculation

Adding to WuBlockchain’s claims, Binance co-founder He Yi apparently mentioned the use of Dutch auctions as a novel approach for token Initial Exchange Offerings (IEOs) during an AMA session - pointing to Pumpfun as a potential adopter of this model.

Despite these reports, legal issues remain a concern, with ongoing U.S. lawsuits creating potential obstacles to the issuance of a Pumpfun token.

Pumpfun Founder Denies Rumors

In response to the circulating claims, Pumpfun founder Alon dismissed the speculation as false.

However, WuBlockchain doubled down on their claims, stating:

It’s almost a public fact. Please don’t lie.

According to their sources, listing staff from multiple exchanges have confirmed Pumpfun's plans to issue a token. WuBlockchain even shared details on tokenomics, reporting a total supply of 420 million, with 210 million allocated for the public sale:

Despite Alon responding to these claims as false rumors, he still alluded to the idea of “rewarding users properly”.

Uncertain Launch Timeline

While Pumpfun has denied the rumors, WuBlockchain remains firm in its stance, stating that exchange insiders have validated the plans, though the exact launch timeline is still unknown.

As speculation grows, all eyes remain on Pumpfun to see if an official confirmation will emerge.