Pump.Fun面临法律斗争，暂停的X帐户，并推迟了代币的发布，使加密货币社区想知道其未来。

Pump.fun's Legal Woes: A Memecoin Rollercoaster

pump.fun的法律困境：纪念过山车

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是位于Solana的Memecoin Launchpad，再次成为头条新闻，而不是出于他们希望的原因。在法律麻烦，简短的X暂停以及对代币发布的重复延误之间，这是一次狂野的旅程。让我们深入研究戏剧。

Token Launch on Hold (Again!)

令牌启动（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的代币发行已被推迟，原定于6月25日以40亿美元的估值筹集10亿美元的野心。最新的目标是7月中旬，但是由于所有周围的问题，任何人都可以猜测是否会坚持下去。团队引用了始于2024年初的计划，但重复的推迟引起了人们的注意。

Legal Landmines: Class Action and IP Issues

法律地雷：集体诉讼和知识产权问题

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正在在多个法律方面进行战斗。集体诉讼指责证券法违反证券法和市场操纵平台，指控令牌价格的人工通货膨胀损害了投资者。该诉讼描绘了泵的图片。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.

由于头痛，一封停止的信件指控IP违规。问题？用户生成的模因通常使用可能侵犯现有商标的徽标和名称。

X Marks the Spot (Then Unmarks It)

X标记该点（然后取消标记）

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.

当X（以前是Twitter）暂停Pump.Fun的官方帐户以及其联合创始人Alon Cohen时，这部电视剧加剧了。这一举动还影响了其他成员概况，切断了令牌发现的重要渠道。 24小时后，将帐户恢复，但事件增加了不确定性的感觉。

Behind the Scenes: Whale Wallets and SOL Sales

幕后：鲸鱼钱包和溶胶销售

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.

在处理法律和社交媒体问题的同时，pump.fun似乎正在悄悄推进其筹款计划。据报道，一个Multisig Wallet从机构和鲸鱼投资者那里赚了大约7000万美元的USDT和USDC，这加剧了对平台代币销售的谣言。此外，自2024年5月以来，Pump.Fun售出了超过410万辆溶胶，净额净额近7.41亿美元。这些资金的运行尚不清楚，这激发了人们对退出策略或简单风险管理的猜测。

Is This the End for Pump.fun?

这是pump.fun的终点吗？

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.

尽管有混乱，但pump.fun的网站仍然存在，而且交易量仍然令人惊讶地强劲，甚至在X悬架后甚至飙升。这表明这些问题与政策有关，而不是完全关闭。

Decentralization: A Return to Crypto's Roots?

权力下放：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.

泵的情况强调了有关加密货币集中化的更广泛的辩论。该行业始于分散系统的承诺，但是代币发射经常转变为以VC为主的事件。回归分散的代币发布可以促进真正的社区并保持激励措施，但它在营销和法律合规方面也带来了挑战。尽管目前的困境，但pump.fun是对社区代币发射的持续渴望的一个例子。

My Two Satoshis

我的两个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的故事是关于Memecoin市场的风险和回报的一个警示故事。尽管该平台提供了一种有趣且易于访问的方式来推出新代币，但要了解潜在的法律陷阱和市场操纵风险至关重要。 Pump.Fun是否可以克服目前的挑战并发起其代币还有待观察。

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!

那么，抽水会像凤凰城成员一样从灰烬中升起吗？还是会淡入加密历史？只有时间会证明。但是可以肯定的是：在Memecoins世界中，这绝不是沉闷的时刻！