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Pump.fun dismisses token launch rumors on heels of lawsuit

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The co-founder of Pump.fun has denied circulating rumors about an upcoming token launch, urging users to disregard information not directly shared by the platform.

Co-founder Alon Cohen, who helped launch Pump.fun in January 2024, posted on X that his team remains focused on product improvements. They also remain committed to “rewarding users properly,” he said.

Cohen’s message emphasized the importance of patience, stating “good things take time,” while warning against unauthorized claims about the platform’s plans. This comes as the platform goes through increased attention from both traders and regulators.

The statement contradicts earlier reports from crypto analyst Wu Blockchain, who reported Pump.fun was preparing to release a token through a Dutch auction model in collaboration with centralized exchanges.

Speculation about the token’s features included revenue sharing and exclusive platform access for holders.

Pump.fun has established itself as a prominent meme coin launchpad on the Solana (SOL) blockchain, allowing users to create and trade tokens quickly. However, the platform faces several legal challenges now.

On Jan. 16, Burwick Law and Wolf Popper LLP filed the first major lawsuit against the platform. The lawsuit alleged violations of U.S. securities laws through the facilitation of unregistered securities sales disguised as meme tokens.

The complaint specifically highlighted the case of the Peanut the Squirrel token, which allegedly experienced artificial price inflation through influencer promotions before a collapse.

The legal pressure intensified on Jan. 30, with a second lawsuit expanding allegations against Baton Corporation Ltd., Pump.fun’s operator, and key platform executives. These legal actions target what plaintiffs mentioned as coordinated price manipulation schemes harming retail investors.

The co-founder’s warning against unauthorized claims comes as the platform goes through this increased regulatory scrutiny.





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Dogecoin Price Mirroring This 2017 Pattern Suggests That A Rise To $4 Could Happen

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Crypto analyst KrissPax has revealed that the Dogecoin price is mirroring a pattern from a previous bull run. Based on this, he raised the possibility of a price surge to $4 for the foremost meme coin. 

Dogecoin Price Mirroring 2017 Pattern As It Eyes Rally To $4

In an X post, KrissPax stated that the Dogecoin price continues to trade in a similar pattern to the 2017 bull cycle. He added that if the second large breakout of this cycle happens, DOGE could surge well over its current all-time high (ATH) of $0.73. His accompanying chart showed that the foremost meme coin could reach $4 when this price breakout occurs. 

Crypto analyst Master Kenobi also recently mentioned that the Dogecoin price is mirroring a bullish pattern from the 2017 bull run. Like KrissPax, he also alluded to DOGE witnessing a second parabolic phase of its bull run, just like in 2017. However, he gave a more conservative prediction, predicting that DOGE could rally to $1.1 by June later this year. 

Dogecoin
Source: KrissPax on X

The Dogecoin price already looks set for the second phase of its bull run, seeing as the foremost meme coin looks bottomed. Crypto analysts like Trader Tardigrade also suggested that DOGE has bottomed, having dropped to as low as $0.14. Now, the foremost meme coin could be targeting new highs, especially with the Bitcoin price also in rebound mode. 

Crypto analyst Ali Martinez stated that the Dogecoin price is breaking out of a triangle, which can result in a 16% upswing. The target is a rally to $0.183, which could pave the way for a further rally to the psychological $0.2 price level. Dogecoin whales are also actively accumulating in anticipation of this price surge, as they bought over 120 million DOGE last week.

A Breakout Has Yet To Occur

While analyzing DOGE’s daily chart, Trader Tardigrade warned that the Dogecoin price hasn’t broken out just yet. His accompanying chart showed that the foremost meme coin needs to break above $0.185 to confirm the breakout. The analyst also noted that DOGE is struggling to break a descending trendline, as it continues to stay below this resistance after several attempts. 

However, the analyst provided some positives for the Dogecoin price, stating that the RSI has shown a breakout, indicating that DOGE has gained significant momentum recently. He added that a strong uptrend could occur if this momentum continues to build. The accompanying chart showed that the meme coin could record a parabolic rally to as high as $0.5 if it breaks above $0.185.

At the time of writing, the Dogecoin price is trading at around $0.18, up over 4% in the last 24 hours, according to data from CoinMarketCap.

Dogecoin
DOGE trading at $0.18 on the 1D chart | Source: DOGEUSDT on Tradingview.com

Featured image from iStock, chart from Tradingview.com



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Q&A with DELV’s Charles St. Louis

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Memecoins, fixed-rate DeFi, and tokenization — are they the future of finance or just overhyped trends?

Charles St. Louis, CEO of Texas-based DELV, has spent over a decade shaping the DeFi landscape, specializing in fixed-rate lending, tokenized real-world assets, and governance. In this wide-ranging discussion, he unpacks the reality behind the hype, from memecoins as onboarding tools to how tokenization is transforming investment structures.

Read on for St. Louis’ take on DeFi governance, regulatory shifts, and the Trump administration’s evolving crypto stance.

Memecoin critics cite high trading risks, extreme volatility and pump-and-dump schemes. What’s your take?

Memecoins are exactly what the word suggests: memes. They have no underlying utility, revenue model, or long-term fundamentals. You’re buying into a trend, hoping it gains attention, and that’s about it. Unlike structured DeFi tokens like Maker or Morpho, which have actual revenue-generating mechanisms, memecoins are purely speculative. That being said, there is a silver lining. Memecoins bring more people into the crypto space. They act as an onboarding tool, exposing retail investors to digital assets. The hope is that once they engage with crypto through memecoins, they start exploring more substantive financial alternatives. But, that assumes their experience with memecoins doesn’t leave them jaded about the real values made available through DeFi.

Regarding fixed-rate DeFi products: Wouldn’t a lending model like that become unsustainable if the underlying assets or collateral lose value suddenly? Pretend I’m a borrower. Why shouldn’t I worry?

We’ve built two core fixed-rate products at DELV. The first is fixed-rate yield, which functions in some ways like zero-coupon bonds. Users buy crypto at a discount, and it matures to full value over time. Say, buying 0.95 ETH and watching it grow into 1 ETH. This is ideal for passive investors who want predictable returns without actively managing volatility.

The second product is fixed-rate borrowing. Hyperdrive allows us to effectively create fixed-rate versions of existing variable-rate borrowing markets, like those on Morpho or Spark. This is crucial for institutions that require stability.

As for risk, most DeFi borrowing is overcollateralized, meaning users must put up $150 to borrow $100. This makes defaults far less likely than in traditional finance, where undercollateralized loans are common. The real challenge in DeFi borrowing is digital identity and reputation, without credit scoring, there’s no way to assess borrower reliability. Until that’s solved, overcollateralization remains necessary for risk management.

Charles St. Louis, CEO of DELV
Charles St. Louis, DELV

Are any companies at the forefront of tokenizing real-world assets (RWAs)? It seems like there is a lot of talk but no implementation.

Tokenization is a game-changer because it removes the inefficiencies of traditional financial markets. Instead of slow, paper-based processes, assets like real estate and treasury bills (T-bills) can be tokenized and traded on-chain instantly and 24/7/365. This not only increases liquidity but also expands access to global investors. For example, manufacturers can tokenize their real estate assets and borrow against them in real time, eliminating the need for slow bank approvals. Similarly, tokenized T-bills allow anyone with an internet connection to invest in government debt without a broker. It’s about accessibility and efficiency. There’s a lot of talk about RWAs, and while we’re still in the early days, we’re seeing serious adoption. Franklin Templeton, BlackRock, and JPMorgan are moving into tokenized securities. Ondo Finance is bridging DeFi capital to RWAs, and Maple Finance is focusing on on-chain credit markets.

What’s next for DeFi governance as regulatory clarity increases?

Many teams launched DAOs too early, giving full control to token holders before proper infrastructure was in place. This led to inefficiencies, voter apathy, and governance attacks. Regulatory clarity is allowing for a more structured approach. The U.S. is beginning to recognize ‘safe harbor’ provisions (at least in spirit), meaning teams will be able to gradually transition control to DAOs instead of decentralizing overnight. This will lead to more sustainable governance models. Additionally, legal wrappers for DAOs are becoming more common, allowing them to operate as structured businesses. Right now, many DAOs can struggle to manage massive treasuries in a way that adheres to tax compliance or accountability concerns. That’s going to change as regulatory clarity improves.

Trump is certainly loosening regulations around crypto. Are there any issues you feel deserve more attention?

Trump has taken a more hands-off approach to crypto regulation while he gives time for relevant agencies to develop thoughtful approaches that constructively advance their core missions, which has been positive for innovation. His policies of reducing regulation by enforcement (such as with the U.S. Securities and Exchange Commission) and pushing for a national Bitcoin reserve have definitely brought attention to the market.

However, more attention could be — and likely will be — given to stablecoin and real-world assets and how they’re regulated. While Bitcoin’s value cannot be denied, it has also become a buzzword that overshadows  stablecoins and tokenized assets, which are more likely to serve as foundational building blocks for institutions.



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Solana’s 5th birthday highlights explosive growth and trading activity: Mercuryo

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As Solana celebrates its fifth anniversary, new data from global payments infrastructure platform Mercuryo reveals extreme levels of volatility in Tether trading on the Solana transport layer this year. 

The sharp price movements reflect growing interest from crypto traders in Solana (SOL), which has become one of the most active blockchain networks by transaction volume.

Solana’s genesis block was created on March 16, 2020. Over the past five years, the network has processed more than 408 billion transactions and nearly $1 trillion in trading volume on decentralized exchanges, establishing itself as a dominant player in the layer-1 blockchain space.

Since its launch five years ago, Solana has become one of the top-performing layer-1 blockchains given its combination of high-speed with low-cost transactions. Solana’s ability to handle massive transaction volumes with minimal fees has made it a preferred network for traders seeking quick execution and high liquidity.

Extreme USDT volatility reflects market interest

According to data from Mercuryo, Tether USDT trading on Solana has seen increased volatility in early 2025 as traders respoisition their approach and strategy to capitalize on changing market trends. Mercuryo’s data highlights the following dramatic price swings:

  • 100% surge (week of Jan 13)
  • 63% drop (Jan 20)
  • 129% recovery (Jan 27)
  • 61% plunge (Feb 10)
  • 137% spike (Feb 24)

“Solana captivates the interest of crypto traders across the globe,” said Greg Waisman, Co-founder and COO at Mercuryo. “As Solana celebrates its fifth birthday, our transaction data on Tether tokens on the Solana transport layer suggests an unparalleled level of trading activity amid an explosion of interest in trading opportunities on Solana that we’ve seen over the past 12 months.”

Memecoin frenzy fuels trading activity

A major driver behind the surge in Solana’s trading volume is the growing popularity of meme coins. Holders of Solana have been using the token to buy meme coins like dogwifhat (WIF) and Bonk (BONK).

Meanwhile, Pump.fun has generated over $540 million in revenue over the past year. Notably, Pump.fun’s trading volume has surpassed Ethereum over 24-hour periods on many occasions over the past year. This can be seen as a clear sign of Solana’s role in the meme coin space.



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