TechFlow reported on February 9 that crypto KOL Hebi (@hebi555) posted on X: "The known news about pump.fun is that it will conduct a public offering across major exchanges, reportedly using the Dutch auction model. Originally, one exchange had exclusive rights, but due to compliance issues that exchange pulled out, and now it has shifted to a multi-exchange public offering.
Given the scale of the project and its complex requirements, current public offering systems at major exchanges do not meet pump.fun's needs. As a result, exchanges are now custom-developing dedicated launch programs for pump.fun.
However, nothing is certain yet—pump.fun is also facing a class-action lawsuit in the U.S., so it seems the token launch won't happen until the litigation concludes."
