TechFlow reported on January 24 that pump.fun founder alon issued a statement addressing community concerns regarding his association with the namesake token "alon."
alon stated that in a decentralized asset creation environment, personal tokens will become commonplace. He clarified that he is not the creator of the alon token and does not recommend investment in it. He mentioned that he only took over the token's Telegram group and paid related Dexscreener fees about six months ago.
He added that surprisingly, the token had not attracted much attention over the past few months.
GMGN data shows that the market cap of alon's namesake meme token once surged past $260 million but has since dropped to around $140 million.
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