Rumors are spreading that the $ 500 million pump tokens are permanently locked due to the lack of elimination of its wise contract. The detailed review showed the fears that it was unfounded.
On the weekend, X uses camol claimed That the $ pump presale contract of bomb.fun is lacking in a departure, suggesting that raised funds are locked forever because the intelligent contract cannot be changed.
“This effectively means that the $ 500M raised is locked forever, as the smart contract will not be updated,” the user wrote in a post on Saturday at X, which attracts more than 780,000 views.
After some of the crypto communities asked the validity of the claim, Camol doubled, saying they used “JSON SQL Sugartown Ora Cores Security” to prove the state of the contract.
Related: Confirmation of Pump.Fun Token Sale, European -based users are a barrier
Pump.fun funds are not locked
In a review shared with Cointelegraph, crypto security firm Hacken explained that two different tokens named “Pump (Pump)” exist in Solana’s blockchain.
They said one was a test or fake token with few holders and no trade, and the other was the legitimate pump token that linked to the official ICO and active activity on the market. The real token boasts more than 10,000 holders and aligns with official distribution announcements from Pump.fun.
Hacken confirmed that the wise contract of the legitimate token does not include a “removal” function. However, this is not common and widely applies to the tokens of Solana SPL and Ethereum ERC-20, whose contracts manage balances and transfers but do not operate as vaults that hold or release funds.
They also denied claims that the lack of removal of the removal means that the funds are locked or lost. “Since there is no list of decentralized exchange (DEX) in the launch, the idea of a ‘removal’ function is irrelevant and does not apply,” Hacken said.
The Hacken team also confirmed that the tokenomics presented to Solana explorers match the publicly reported numbers, with 15% of tokens sold during the ICO and most of the 85% of the developer -related wallets, which confirms transparency in allocation.
Related: Letsbonk overtakes pump.Fun: Is Solana Memecoins back?
Pump.Fun ICO sold in minutes
On Saturday, successfully pump.fun Raised $ 500 million In a Initial Offering a Coin (ICO) It was sold in just 12 minutes. The pump token has a total supply of 1 trillion, with 33% allocated to the ICO, 24% reserved for ecosystem and future projects, and 13% set aside for existing investors.
In the ICO section, 18% were sold to institutional investors and 15% of retail businessmen.
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