The journalist learned about the postponement of the Pump.fun coin sale.

The "Meme Token Factory" Pump.fun has postponed the auction and listing of tokens originally scheduled for June 25. They are expected to take place in July, as reported by journalist Colin Wu from his own sources.

According to them, the platform began planning the release and sale of PUMP at the end of last year and has since postponed the event dates several times.

According to reports at the beginning of June, Pump.fun planned to raise $1 billion through the token sale, based on its own valuation of $4 billion.

The reasons for the latest postponement of the asset release have not been disclosed.

On June 16, the social network X blocked the accounts of Pump.fun and its founder. At least 19 other accounts related to meme coin trading were also blocked.

Some linked the measures to a court ruling. In January, the law firm Burwick Law from New York announced the preparation of a lawsuit against the platform on behalf of investors who lost "significant amounts."

The company emphasized that the platform's founders have raised "hundreds of millions of dollars" in commissions while remaining anonymous over the past few months. At the same time, anti-social content was displayed on the platform, and ragpull schemes, fraud, and deception thrived.

Against the backdrop of the account being blocked, representatives of Burwick Law stated that they are already representing the interests of more than 500 plaintiffs and called on affected investors to join the claim.

According to Dune Analytics, Pump.fun has earned over $761 million in fees since its inception. Users have launched more than 11,000 coins on the launchpad.

The peak trading volume occurred in January, when the weekly figure reached $3.3 billion. In June, it is holding around $1 billion.

Data: Dune Analystics. The author of the thematic dashboard on Dune under the nickname Adam concluded that most of the wallets in the ranking of top traders on the platform are controlled by bots.

In March, Pump.fun launched its own DEX PumpSwap on Solana, abandoning its collaboration with Raydium. In May, the team introduced a reward mechanism for creators of meme coins.

According to the report by Solidus Labs, 98.6% of the meme coins launched on the Pump.fun platform were found to be linked to fraudulent schemes such as rug pulls and Pump & Dump.