Pump.fun founder denies token launch plans after Base controversy
Pump.fun distances itself from memecoin hype
In the wake of controversy surrounding the Base network’s endorsement of a memecoin, one of Pump.fun’s co-founders has firmly denied any plans for launching a token.
The statement, made by Alon on X (formerly Twitter), comes after Base’s official account promoted the “Base is for everyone” token—an experiment that briefly reached a $17.1 million market cap before crashing nearly 95% within 20 minutes.
Key takeaways
- Pump.fun won’t launch tokens: Co-founder Alon publicly rejected any current or future coin launches associated with the platform or its staff.
- Response to Base backlash: The decision was prompted by controversy over Base’s memecoin experiment, which many criticized as a pump-and-dump.
- Volatility and mistrust: The Base-backed token surged to $17.1M in market cap and collapsed within minutes, fueling skepticism.
Alon distances Pump.fun from token hype
Alon clarified that neither he, the Pump.fun platform, nor any employees will launch or stealth-launch tokens. He stressed that while he supports the broader idea of tokenizing content, the market is not yet mature enough for such initiatives to be normalized without backlash.
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Following the viral “Base is for everyone” token post by Base on April 16, which was minted via Zora, Pump.fun’s Alon posted a strong response distancing his platform from any similar efforts.
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He emphasized that the current crypto environment doesn’t tolerate influencers or platforms launching tokens while wielding significant social power, calling for adherence to "unwritten rules" shaped by the community.
Base’s token crash sparks debate
The Base network’s attempt to showcase content tokenization backfired as the token’s market cap collapsed from $17.1 million to under $1.9 million in less than half an hour. The dramatic volatility stirred accusations of insider trading and triggered widespread backlash, despite Base’s clarification that the token was unofficial and experimental.
Base price dynamics (April 2025). Source: TradingView.
Alon reinforced that Pump.fun will continue to experiment at the intersection of social media and crypto but will avoid any involvement in token speculation. He also signaled that future platform decisions—such as reinstating its livestream feature—might be controversial but would always prioritize user alignment and transparency.
Amid heightened scrutiny and token-related controversies, Pump.fun’s leadership is drawing a clear line between innovation and hype. With trust in decentralized networks increasingly shaped by transparency and ethics, the platform’s stance could set a tone for similar services navigating the tension between social influence and market integrity.
Also recall, we informed you earlier that Pump.fun reopens live streaming with stricter moderation rules.
