Pump.fun’s Dutch Auction Token Launch Amid Legal Scrutiny
- Pump.fun plans to launch its token using a Dutch auction mechanism.
- The company earned $572 million and transferred $386.8 million to Kraken.
- Legal actions in the U.S. may affect the token launch plans.
- Total supply of tokens is set at 420 million, with 210 million for public sale.
Pump.fun aims to introduce its token through a Dutch auction, transferring $386.8 million to Kraken after earning $572 million. However, ongoing legal challenges in the U.S. could impact these plans.
Source (2.6)https://hodl.press/pump-fun-plans-dutch-auction-for-token-launch/?rand=24434
