Alon Cohen confirms Pump.fun not issuing tokens

Alon Cohen, co-founder of Pump.fun, has officially announced on platform X that they will not be issuing their own token. This decision demonstrates Pump.fun's strong commitment to ethical standards in the context of volatile and speculative markets.

Pump.fun prioritizing trust and ethics over issuing tokens

Alon Cohen's statement clearly affirms Pump.fun's focus on community engagement with no intention of issuing an official token. Cohen emphasized making maximum efforts to ensure consensus with the core group of users, while ruling out the possibility of secret releases or sneaky launches. This strategy aims to maintain user trust, which is especially important given the previous market fluctuations that have affected the cryptocurrency sector.

Feedback from the community largely supported Cohen's transparency, emphasizing the importance of building trust in leadership. Discussions have also emerged around increasing platform safety and ethical impact in the crypto sectors.

"Pump.fun will continue to experiment at the intersection of social media and encryption ... don't expect me, Pump.fun, or any of the employees issuing tokens (sẽ there is no 'secret issue')." — Alon Cohen, co-founder Pump.fun

Lessons from token launches

Did you know? Sneaky launches of meme tokens, such as the crash of Base, have led to severe market crashes, highlighting the dangers of speculative trading in cryptocurrencies.

The LIBRA price is currently trading at $0.05, with a market cap of $11,851,208 and a diluted capitalization of $46,216,721. Trading volume reached $4,024,247, down 19.57% over the past 24 hours. Recent indicators show strong volatility, with LIBRA losing significant value recently, as reported by CoinMarketCap.

Disclaimer:*** The article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions

Mr. Teacher