Pump.fun vowed no stealth coins or hype-fueled drops, after an auto-minted token originating from Base's X account sparked a trading frenzy before collapsing.
Solana meme coin factory Pump.fun has vowed not to launch any coins or participate in “stealth launches,” after an auto-minted token experiment by Coinbase’s layer-2 network Base sparked controversy.
Alon Cohen, co-founder of Pump.fun, made the declaration in response to the unofficial “Base is for everyone” token. The token, which was automatically minted from Base’s official X account through on-chain social protocol Zora, surged and then collapsed in value.
Pump.fun may be treading carefully, having seen its own share of controversy in recent months. Last year, it axed its livestreaming feature after users performed stunts involving threats of self-harm and unsafe behavior. The incident even filtered through into popular culture, with the new series of Black Mirror featuring a Pump.fun-esque livestreaming platform.
Pump.Fun Co-Founder Says No Plan to Launch Token, Speaks Out Against Base-Promoted Meme Coin
After a Base-promoted memecoin 90% crashed, Pump.fun seized an opportunity to tell its community: no stealth coins, no hype-fueled drops.
Coinbase's Base Promotes Unofficial Meme Coin—Traders Ape In and Get Rekt
While labeled “not an investment” created solely as a digital collectible, the unofficial Base token surged then crashed 92%, angering many.
Judge Pauses 18-State Lawsuit Against SEC, Saying It Could 'Potentially Be Resolved'
The 60-day stay in the case was granted after the SEC said the case could be resolved, amid shifting enforcement priorities.
How Solana Copy Trading Platform Odinbot is Achieving ‘Zero Block Latency’
The Solana copy trading bot has focused on speed, with a claimed 15% of trades completed in the same block as the mirrored wallet.
Sponsored post by Odinbot
📊 MYRIAD Market of the Day
BONK above $920M market cap on April 19, 2025, at 11:59pm UTC?
Trade “BONK above $920M market cap on April 19, 2025, at 11:59pm UTC?” on MYRIAD
💬 Quote of the Day
❝
“I think there’s a reality where what base did is normal in a few years’ time
but it DEFINITELY isn’t today and that has resulted in hurt”
Pump.fun co-founder Alon Cohen on the “Base is for everyone” token
🌐 From Our Hubs
🎮️ GG: Crypto Degens Search for Next 'Ponzi Game' After 'Bigcoin' Price Craters
Bigcoin's surge was short-lived, but with crypto gaming vibes down in the dumps lately, will it spark a fresh wave of “Ponzi” games?
🤖 EMERGE: Breakthrough Discovery on Exoplanet Could Signal Alien Life
Scientists have detected potential signs of life on the distant exoplanet K2-18b after identifying an Earth-like biomarker in its atmosphere.
🎭️ SCENE: The Wizard of Oz Gets an AI Upgrade for the Las Vegas Sphere
The 1939 classic film gets an artificial intelligence and sensory makeover at the music and entertainment arena.
📚 Watch and Learn
📹️ WATCH: UNDER EXPOSED EP21: Macro, BTC Outperforms and Trading Roundtable
UNDER EXPOSED brings you coverage of the biggest macro news of the week impacting crypto and broader markets, with a focus on the newest trends, trades and narratives.
🎓 LEARN: What Is ‘Eve Frontier’? How to Start Playing CCP's Survival Game on Ethereum
UPDATE: CCP Games is opening up a free 10-day trial for players to test out Eve Frontier without buying a Founder Access pass.
