Crypto KOL: pump.fun may adopt the Dutch auction model to raise funds on multiple exchanges

On February 9th, it was reported that cryptocurrency KOL Hebi (@hebi555) posted on X, stating: "It is known that pump.fun is being publicly funded on various major exchanges, and it is said to be in the form of a Dutch auction. Originally exclusive to a certain exchange, it was cancelled due to compliance issues and is now being publicly funded on multiple exchanges.

Due to the enormity of the project and its many requirements, the current public funding systems of major exchanges do not meet the needs of pump.fun. Major exchanges are customizing and developing public funding programs for pump.fun. However, there are still many variables and pump.fun is also facing collective lawsuits in the United States. It feels like the coins will not be issued until after the lawsuit is over."