Founder Pump.fun denies Token launch

Alon, co-founder of Pump.fun, has spoken out in denial Rumors of a project token hey. In a post on X, Alon said the rumors about the “Pump.fun token” were untrue and recommended that users trust only official information from the @pumpdotfun account.

The anonymous founder also stressed that the Pump.fun team has been focused on improving the product for the past year and is always committed to having the right rewards for users. Concluding the post, Alon asserted that “good things take time.”

After the Founder of Pump.fun spoke out denying rumors of a token release, Wu Blockchain immediately responded with a post asserting that Pump.fun's token launch plans were almost certain.

In addition, Wu Blockchain also revealed that the listing staff of many exchanges confirmed to them that Pump.fun does indeed plan to launch the token, but the specific timing has not yet been decided. This information completely contradicts the statements of the founder of Pump.fun, causing the community to question whether the project is deliberately hiding plans to issue tokens.

In the comments section, the community wasn't too excited about Pump.fun launching the token. Many are concerned that if tokens are available, the project could lose its current traction. Community views are quite divided, with both positive and negative opinions intertwined. Some expect the token to benefit users, while others worry that it could affect the platform's operating model.

Since operating in March 2024, Pump.fun's total current revenue has exceeded $532 million. This is an impressive number, showing the huge volume of trading that has been taking place on the platform every day for the past year. The total number of tokens generated has now reached 7.4 million in 10 months of operation.

Pump.fun not only attracts a large number of users, but also becomes one of the largest revenue protocols on the market. The fact that the platform consistently generated hundreds of millions of dollars in transaction fees in less than a year of operation shows its popularity and strong growth rate.

With the number of tokens launched every day constantly increasing, Pump.fun has become the leading destination for memenoin projects and is one of the most used DApp on Solana.

If a traditional technology company makes a profit of $532 million in less than a year, it will be considered a business with an extremely impressive growth rate. This is the level of profitability that many large companies take years to achieve, especially during the expansion phase.

At this scale, the company can compete with large technology companies such as Netflix or AMD in a period of strong growth. Netflix recorded hundreds of millions of dollars in profits at the start of its global expansion, while AMD made similar gains when the processing chip market boomed.

A company that can generate more than $500 million in profits within a year will certainly have a market capitalization of billions to tens of billions of dollars, depending on the profit margin and the size of the operation. With this level of profit, the company could also qualify for listing on the S&P 500, which brings together top U.S. businesses.