The pseudonymous alon founder of Pump.fun has called for new restrictions on platforms that launch memecoins. He made the announcement in the wake of the LIBRA meme token, which has had a real run-in with its debut. financial disaster .
In a post published on social media, alon wrote that he was outraged by the events surrounding the LIBRA memecoin and the “insider scam.”
According to alon, his Pump.fun platform has a special mechanism to protect against the launch of meme tokens that are controlled by insiders.
He called on other platforms to provide “robust security measures to make users as safe as possible while meeting their needs,” and to reduce the visibility of assets with “suspicious trading patterns and ownership structures.” In addition, alon said it was necessary to educate users of the services on “ethical coin creation.”
Recall that LIBRA, launched on February 15, was presented by Argentina's President Javier Milley as the country's official token. However, several wallets withdrew assets worth more than $107 million just hours after the launch, causing the coin's market cap to drop by $4,4 billion in just six hours.
