Pump.Fun面臨法律鬥爭，暫停的X帳戶，並推遲了代幣的發布，使加密貨幣社區想知道其未來。

Pump.fun's Legal Woes: A Memecoin Rollercoaster

pump.fun的法律困境：紀念過山車

Pump.fun, the Solana-based memecoin launchpad, is making headlines again, and not for the reasons they'd hoped. Between legal troubles, a brief X suspension, and repeated delays to its token launch, it's been a wild ride. Let's dive into the drama.

Pump.Fun是位於Solana的Memecoin Launchpad，再次成為頭條新聞，而不是出於他們希望的原因。在法律麻煩，簡短的X暫停以及對代幣發布的重複延誤之間，這是一次狂野的旅程。讓我們深入研究戲劇。

Token Launch on Hold (Again!)

令牌啟動（再次！）

Originally slated for June 25th with ambitions to raise $1 billion at a $4 billion valuation, Pump.fun's token launch has been pushed back. The latest target is mid-July, but with all the surrounding issues, it's anyone's guess if that'll stick. The team cites planning that began in early 2024, but the repeated postponements raise eyebrows.

Pump.Fun的代幣發行已被推遲，原定於6月25日以40億美元的估值籌集10億美元的野心。最新的目標是7月中旬，但是由於所有周圍的問題，任何人都可以猜測是否會堅持下去。團隊引用了始於2024年初的計劃，但重複的推遲引起了人們的注意。

Legal Landmines: Class Action and IP Issues

法律地雷：集體訴訟和知識產權問題

Pump.fun is battling on multiple legal fronts. A class action lawsuit accuses the platform of securities law violations and market manipulation, alleging artificial inflation of token prices to the detriment of investors. The lawsuit paints a picture of Pump.fun preying on vulnerable individuals.

pump.fun正在在多個法律方面進行戰鬥。集體訴訟指責證券法違反證券法和市場操縱平台，指控令牌價格的人工通貨膨脹損害了投資者。該訴訟描繪了泵的圖片。捕食脆弱的人。

Adding to the headache, a cease and desist letter alleges IP violations. The issue? User-generated memecoins often use logos and names that may infringe on existing trademarks.

由於頭痛，一封停止的信件指控IP違規。問題？用戶生成的模因通常使用可能侵犯現有商標的徽標和名稱。

X Marks the Spot (Then Unmarks It)

X標記該點（然後取消標記）

The drama intensified when X (formerly Twitter) suspended Pump.fun's official account and that of its co-founder, Alon Cohen. This move, which also affected other memecoin profiles, cut off a vital channel for token discovery. The accounts were reinstated after 24 hours, but the incident added to the sense of uncertainty.

當X（以前是Twitter）暫停Pump.Fun的官方帳戶以及其聯合創始人Alon Cohen時，這部電視劇加劇了。這一舉動還影響了其他成員概況，切斷了令牌發現的重要渠道。 24小時後，將帳戶恢復，但事件增加了不確定性的感覺。

Behind the Scenes: Whale Wallets and SOL Sales

幕後：鯨魚錢包和溶膠銷售

While dealing with legal and social media issues, Pump.fun seems to be quietly advancing its fundraising plans. A multisig wallet has reportedly pulled in around $70 million in USDT and USDC from institutions and whale investors, fueling rumors of a platform token sale. Furthermore, since May 2024, Pump.fun has sold over 4.1 million SOL, netting nearly $741 million. Where these funds are going remains unclear, spurring speculation about an exit strategy or simple risk management.

在處理法律和社交媒體問題的同時，pump.fun似乎正在悄悄推進其籌款計劃。據報導，一個Multisig Wallet從機構和鯨魚投資者那裡賺了大約7000萬美元的USDT和USDC，這加劇了對平台代幣銷售的謠言。此外，自2024年5月以來，Pump.Fun售出了超過410萬輛溶膠，淨額淨額近7.41億美元。這些資金的運行尚不清楚，這激發了人們對退出策略或簡單風險管理的猜測。

Is This the End for Pump.fun?

這是pump.fun的終點嗎？

Despite the chaos, Pump.fun's website remains live, and trading volume has remained surprisingly strong, even spiking after the X suspension. This suggests the issues are policy-related rather than a complete shutdown.

儘管有混亂，但pump.fun的網站仍然存在，而且交易量仍然令人驚訝地強勁，甚至在X懸架後甚至飆升。這表明這些問題與政策有關，而不是完全關閉。

Decentralization: A Return to Crypto's Roots?

權力下放：重返加密根源？

The Pump.fun situation highlights a broader debate about centralization in crypto. The industry began with the promise of decentralized systems, but token launches have often morphed into VC-dominated events. A return to decentralized token launches could foster genuine community and align incentives, but it also presents challenges in marketing and legal compliance. Pump.fun, despite its current woes, is an example of the continuing desire for community token launches.

泵的情況強調了有關加密貨幣集中化的更廣泛的辯論。該行業始於分散系統的承諾，但是代幣發射經常轉變為以VC為主的事件。回歸分散的代幣發布可以促進真正的社區並保持激勵措施，但它在營銷和法律合規方面也帶來了挑戰。儘管目前的困境，但pump.fun是對社區代幣發射的持續渴望的一個例子。

My Two Satoshis

我的兩個satoshis

Pump.fun's story is a cautionary tale about the risks and rewards of the memecoin market. While the platform offers a fun and accessible way to launch new tokens, it's crucial to be aware of the potential legal pitfalls and market manipulation risks. Whether Pump.fun can overcome its current challenges and launch its token remains to be seen.

Pump.Fun的故事是關於Memecoin市場的風險和回報的一個警示故事。儘管該平台提供了一種有趣且易於訪問的方式來推出新代幣，但要了解潛在的法律陷阱和市場操縱風險至關重要。 Pump.Fun是否可以克服目前的挑戰並發起其代幣還有待觀察。

So, will Pump.fun rise from the ashes like a phoenix memecoin? Or will it fade into crypto history? Only time will tell. But one thing's for sure: it's never a dull moment in the world of memecoins!

那麼，抽水會像鳳凰城成員一樣從灰燼中升起嗎？還是會淡入加密歷史？只有時間會證明。但是可以肯定的是：在Memecoins世界中，這絕不是沉悶的時刻！