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Pump.Fun’s Founder Sparks User Protection Debate, Urges Memecoin Launchpads To Develop Better Practices

  • The founder of Pump.Fun, Alon Cohen, has joined the debate regarding user protection and practices in the memecoin launchpad space.
  • The recent LIBRA token scandal has raised concerns about user protection and bad actors in the memecoin sector.
  • Cohen expressed disgust over the exploitation of users and the ecosystem in the LIBRA project, highlighting the need for improved practices in token launchpads.
  • He suggested that memecoin platforms should focus on user education, friendlier onboarding, and creating safer interfaces to enhance user protection.

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