Pump.fun co-founder shuts down token launch expectations in Base content coin response

Source Cryptopolitan

According to one of Pump.fun’s co-founders, identified on X as Alon, there won’t ever be coins from him or the Pump.fun platform or any employees, not even “stealth launches.”

Alon made the statement via a post he shared on X in response to accusations leveled at Base for insider trading and supporting a pump and dump scheme, a shrapnel from the project’s strategy of tokenizing content.

Pump.fun’s co-founder responds to backlash targeting Base

According to Alon, there’s a reality where what Base did is normal in a few years, but that time has not come, and its present actions has led to “hurt.”

“I’m a huge advocate for the vision of ‘tokenizing everything’ but you can’t change current market realities – if you launch a coin AND have social influence, that comes with responsibility.”

Alon described this responsibility as one that forces founders and top figures in the space to stick to the established rules, such as not launching or shilling other coins, not setting high expectations, and not talking about price.

He claimed these social standards aren’t dictated by himself, Pump.fun, Coinbase, or the president, but are formed by the “users that are in the trenches every single day.”

In an additional post, Alon promised that Pump.fun will continue experimenting at the intersection of social media and tokenization. He also mentioned that some of their decisions will piss people off when he talked about the restoration of Pump.fun’s livestreaming function. Pump.fun had earlier suspended the livestreaming service when token creators went to extremes to court attention for their tokens.

“But no matter what we do, we will do our very best to ensure that we’re aligned with our core user base,” he wrote before adding, “that being said: don’t expect coins from me or @pumpdotfun or any employees (no “stealth launches” either.)”

The backlash started after Base shared a token CA

On April 16, 2025, at around 19:30 UTC, Base’s official X account shocked its followers by posting about a “Base is for everyone” token, minted via Zora, an on-chain social network that converts any content into tradable ERC-20 tokens.

Base quickly clarified that the token was not an official network token for Base, Coinbase, or related products, and they would “never sell these tokens,” instead tagging it as an experimental step toward tokenizing online content.

Base’s creator, Jesse Pollak, also endorsed the initiative, stating the goal was to “normalize putting all content on-chain.” Despite the endorsement from Base, the token endured extreme volatility not long after launch.

Within an hour of the launch, its market cap ran up to $17.1 million, then it crashed by nearly 90-95% in the next 20 minutes, falling to under $1.9 million, as liquidity and attention shifted.

The rapid pump-and-dump cycle triggered accusations of a “rug pull,” with some users on X  accusing Base of intentionally hyping up and abandoning the token while others alleged there was insider trading.

A report from Lookonchain revealed that three wallets purchased large amounts of the token just before Base’s official X post, which made them approximately $666,000 combined.

Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Gold Price Forecast: XAU/USD retreats further from all-time highs of $3,245 Gold price is back in the red early Monday, snapping a three-day record rally to lifetime highs of $3,245 set on Friday.    
Author  FXStreet
4 Month 14 Day Mon
Gold price is back in the red early Monday, snapping a three-day record rally to lifetime highs of $3,245 set on Friday.    
placeholder
Bitcoin Must Clear This Critical Cost Basis Level For Continued Upside, Analyst SaysIn a recent CryptoQuant Quicktake post, contributor Crazzyblockk highlighted key Bitcoin (BTC) cost basis zones that the leading cryptocurrency must clear – or avoid breaking below – to
Author  NewsBTC
4 Month 23 Day Wed
In a recent CryptoQuant Quicktake post, contributor Crazzyblockk highlighted key Bitcoin (BTC) cost basis zones that the leading cryptocurrency must clear – or avoid breaking below – to
placeholder
Top 3 gainers EOS, Kaito, Stacks: Navigating the dynamic altcoin marketThe altcoin market is getting more complex to navigate, with fragmented narratives, limited liquidity, and massive token unlocks creating hefty headwinds.
Author  FXStreet
5 Month 08 Day Thu
The altcoin market is getting more complex to navigate, with fragmented narratives, limited liquidity, and massive token unlocks creating hefty headwinds.
placeholder
XRP Price Breaks Key Resistance Level, Eyes Fresh Upside MomentumXRP price found support at $2.080 and started a fresh increase. The price is now gaining pace and might clear the $2.150 resistance zone. XRP price started a recovery wave above the $2.10 zone. The
Author  NewsBTC
5 Month 08 Day Thu
XRP price found support at $2.080 and started a fresh increase. The price is now gaining pace and might clear the $2.150 resistance zone. XRP price started a recovery wave above the $2.10 zone. The
placeholder
Cardano (ADA) In Focus: Can It Break This Barrier and Reclaim Momentum?Cardano price started a fresh increase above the $0.7250 zone. ADA is now consolidating and facing hurdles near the $0.760 zone. ADA price started a decent increase above $0.7250 and $0.7320. The
Author  NewsBTC
5 Month 21 Day Wed
Cardano price started a fresh increase above the $0.7250 zone. ADA is now consolidating and facing hurdles near the $0.760 zone. ADA price started a decent increase above $0.7250 and $0.7320. The
goTop
quote