Pump.fun, a widely used token launch platform on Solana, has once again delayed its highly anticipated public token sale, further fueling uncertainty among users and investors.
The platform had previously aimed to raise $1 billion at a $4 billion valuation through a token auction originally scheduled for June 25, but the sale has now been pushed to mid-July, with no firm date or explanation provided.
This marks yet another postponement for the project, which has repeatedly delayed its token launch since plans began in early 2024. The continued lack of clarity has tested the patience of backers and cast doubt on Pump.fun’s near-term roadmap.
Class Action Lawsuit Adds to Uncertainty
Compounding the delay is a class action lawsuit filed by Burwick Law on January 15, accusing Pump.fun of operating as an unregistered securities exchange.
The suit alleges the platform engaged in systematic price manipulation, inflating the value of tokens launched through its services. Retail investors, the complaint claims, were often left holding rapidly depreciating assets once initial hype faded.
The legal action represents a significant challenge for Pump.fun, as regulatory scrutiny over token launches continues to intensify in the U.S. and globally. The platform’s growing user base and high-profile fundraising goals have drawn further attention from watchdogs and legal observers.
Outlook
As Pump.fun navigates its legal battles and delays, investor confidence remains in question. Without a confirmed token launch timeline or resolution to its legal disputes, the platform risks losing momentum in an increasingly competitive Solana ecosystem.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/pump-fun-delays-1b-token-sale-again-amid-legal-turmoil/