Pump.fun creator calls for safer launchpad practices after LIBRA debacle

In the middle of the fallout of the Memecoin balance crash, the founder of Pump.

According to a February 18 X postThe pseudonym founder of the launcher of parts even based in Solana said that he was “disgusted” by the events surrounding BALANCE And the impact he had on the cryptography ecosystem.

“The people behind this project have made substantial personal gains to the detriment of many users, the ecosystem and even an entire country. I hope that responsible people get what they deserve. »Alon wrote on X.

He criticized the involvement of intermediaries as “development teams” and “market creators” in the launch of the balance, arguing that the creation of a same should be a simple process so that “anyone May do it ”without counting on such players, who can take advantage of the process.

Alon also defended the model of Pump.fun, saying that it had been built “to explicitly attack some of the problems that have been exposed” in the fallout from the balance by normalizing and automating the process of creating tokens .

In the future, he called to Token Launchpads to implement better protections to “ensure that users are as safe as possible while responding to their requests”. He described three key areas where improvements are necessary: ​​education, integration and protection of users.

Alon stressed that while Pump.fun rendered the launch of pieces of easy memesWhat happens after the creation of a medal is largely untreated. As such, he argued that users should be better informed of ethical token launches, in particular the definition of expectations, supply management, the processing of elite shooters and understanding when appropriate to make profits.

“Users should be able to make their own decisions and take responsibility instead of counting on third parties,” he added.

He also stressed that integration for new traders must be more accessible, stressing that professional traders will always find ways to take advantage of opportunities in a free market. According to him, platforms, influencers and ecosystem actors should ensure that users are guided according to their level of experience in exchange.

Finally, Alon called for stronger user protection measures at the “interface level”. Although no platform without permission can prevent “bad results on the chain”, he thinks that interfaces can create a safer environment by limiting the visibility of tokens with a suspicious negotiation activity and guaranteeing features such as that the slip parameters are reasonable.

Balance, launched on February 15, attracted a lot of attention After the Argentinian president Javier Milei briefly shared him on X, the striking as the official Argentina token. The approval triggered a frenzy, pushing the price of the balance to a summit of more than $ 4 before crashing below 50 cents in a few hours.

Allegations of market manipulation emerged after several wallets have siphoned more than $ 107 million in liquidity to a single side, drain the token pool. Shortly after, Milei abolished his position and the market capitalization of balance collapsed with $ 4.4 billion in just six hours.

Milei has refuted complaints That he approved the token, saying that his intention was only to share information on the token and not to encourage people to invest.