Pump.fun $500M Presale Tokens Not Locked

Share via:


Rumors are spreading that Pump.fun’s $500 million presale tokens are permanently locked due to the absence of a withdrawal function in its smart contract. Detailed analysis showed these fears are unfounded.

Over the weekend, X user camol claimed that the Pump.fun’s $PUMP presale contract lacked a withdrawal function, suggesting that the raised funds were locked forever because the smart contract was immutable.

“This effectively means the $500M raised is locked forever, as the smart contract is unable to be updated,” the user wrote in a Saturday…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Pump.fun $500M Presale Tokens Not Locked


Rumors are spreading that Pump.fun’s $500 million presale tokens are permanently locked due to the absence of a withdrawal function in its smart contract. Detailed analysis showed these fears are unfounded.

Over the weekend, X user camol claimed that the Pump.fun’s $PUMP presale contract lacked a withdrawal function, suggesting that the raised funds were locked forever because the smart contract was immutable.

“This effectively means the $500M raised is locked forever, as the smart contract is unable to be updated,” the user wrote in a Saturday…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

AirPods Pro 3 are rumored to borrow a new...

AirPods Pro 3 are one of Apple’s most...

Inc42 & Galgotias Host CampusX To Empower Student Founders

Entrepreneurship is no longer just another career option,...

Investors Are Rushing to Buy This $0.03 Crypto Before...

Over 13,200 holders have already positioned themselves in...

Popular

Upcoming Events

IPTV Portugal iptvdfgdfs iptvdfgdfs iptvdfgdfs iptvdfgdfs
IPTV IPTV IPTV IPTV IPTV IPTV IPTV