Pumpfun, a token launch platform on Solana, was rumored to be planning the launch of its own token, with public offerings to be conducted using a Dutch auction model. Reports suggested that the platform was working with centralized exchanges (CEXs) to develop the system for the token launch. The total token supply was mentioned to be 420 million, with 210 million allocated for public sale, 25% reserved for the team, and 22.05% for early investors. However, the co-founder of Pumpfun, Alon, has firmly denied these rumors, stating that they are false and emphasizing the team's focus on product growth and commitment to rewarding users properly.