Debunked: Pump.fun’s $500M presale funds are not locked
Spreading claims that Pump.fun’s $500 million presale tokens are locked due to a missing withdrawal function are false.
Rumors are spreading that Pump.fun’s $500 million presale tokens are permanently locked due to the absence of a withdrawal function in its smart contract. Detailed analysis showed these fears are unfounded.
Over the weekend, X user camol claimed that the Pump.fun’s $PUMP presale contract lacked a withdrawal function, suggesting that the raised funds were locked forever because the smart contract was immutable.
“This effectively means the $500M raised is locked forever, as the smart contract is unable to be updated,” the user wrote in a Saturday post on X, which had attracted over 780,000 views.
