PumpFun is experiencing a significant decline, with token graduations dropping 80% from nearly 1,200 in January to just 200 by February 26, 2025. The platform faces multiple challenges, including a recent hacking incident that compromised its official account and raised concerns about security vulnerabilities. Additionally, the decision to develop an in-house Automated Market Maker has sparked controversy, with critics warning it could jeopardize existing partnerships and trust within the community.
about PumpFun Faces Crisis as Token Graduations Plummet and Security Issues ArisePump It Up
0 posts last weekPump.fun X Account Hacked Leading to Scam Token Alerts
Pump.fun’s official X account, @pumpdotfun, was reportedly compromised, leading to the promotion of scam tokens. Users were warned to avoid engaging with the account until further notice, as onchain analyst ZachXBT linked the breach to previous account hacks involving Jupiter DAO and Dogwifcoin. The platform has not yet confirmed the incident, and experts advise verifying token addresses independently before any transactions.
about Pump.fun X Account Hacked Leading to Scam Token AlertsPump.fun Account Hacked to Promote Fake Solana Meme Tokens
Pump.fun’s X account was hacked, promoting a fraudulent PUMP token that briefly reached a $5 million market cap before declining. Co-founder Alon Cohen confirmed the account remains compromised, and the team is working to regain control while warning followers against interacting with the scam. Security experts suggest the breach may stem from social engineering targeting X employees.
about Pump.fun Account Hacked to Promote Fake Solana Meme Tokens