Recently, a major event has once again erupted in the Crypto Assets field. The founder of the Pump.fun project, Alon Cohen, unexpectedly revealed many challenges faced by the project during a late-night live broadcast, triggering a strong market reaction.

During the live broadcast, Cohen admitted that the airdrop plan has been postponed repeatedly, and there is still no clear timetable. Even more shocking is that the scale of the project's original buyback plan has been significantly reduced, dropping to about one-tenth of the original plan. This news immediately triggered sharp questioning from the host.

Cohen also revealed that multiple ecosystem tokens he personally invested in have suffered significant losses. The disclosure of this information led to a drop in the price of the $PUMP token by about 15% in a short period, with the project's market value evaporating by approximately 600 million dollars.

This live broadcast triggered a widespread chain reaction. Community users expressed disappointment, and many investors began to sell their tokens to cut losses. At the same time, some large holders faced the risk of liquidation due to the price crash. The situation further deteriorated, with some even involving Solana and initiating a class action lawsuit.

This incident has gone beyond ordinary market fluctuations and has evolved into a serious crisis of trust. It not only affects the Pump.fun project itself but could also trigger a chain reaction throughout the entire Crypto Assets industry. Investors and regulators are closely monitoring the developments.

Currently, the future of the Pump.fun project is full of uncertainty. Market participants are evaluating the long-term impact of this event and its potential shock to the Crypto Assets ecosystem. This case serves as a reminder for investors to approach high-risk Crypto Assets projects with caution, while also highlighting the importance of industry transparency and accountability.