Rumors are spreading that presale tokens of $ 500 million fum. FUN are permanently blocked due to the absence of a retirement function in their smart contract. The detailed analysis showed that these fears are unfounded.
During the weekend, the X Camol user said that the pump pump pump prison contract lacked a removal function, suggesting that the high funds were blocked forever because the intelligent contract was immutable.
“This effectively means that the $ 500 million are blocked forever, since the intelligent contract cannot be updated,” the user wrote in a Saturday publication in X, which had attracted more than 780,000 visits.
After some in the cryptographic community questioned the validity of the claim, Camol doubled, saying that they used the “Json Sql Sugartown Ora Security” method to verify the state of the contract.
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Fump’s presale funds are not blocked
In an analysis shared with Cointelegraph, the Cryptographic Security firm Hacken explained that there are two different tokens called “pump)” in the Solana block chain.
They said that a test or a false token with minimal and trade holders, and the other is the legitimate bomb token linked to the official ICO and active market activity. The Real Token has more than 10,000 headlines and aligns with the official Pump.fun distribution announcements.
Hacken confirmed that the intelligent legitimate token contract does not include a “withdraw” function. However, this is not unusual and is applied widely to Solana SPL and Ethereum ERC-20 tokens, whose contracts manage balances and transfers, but do not work as vaults that possess or release funds.
They also rejected the statements that the lack of a retirement function meant that the funds were blocked or lost. “Since there was no decentralized exchange list (Dex) in the launch, the idea of a ‘retirement function’ is irrelevant and does not apply,” said Hacken.
The Hacken team also confirmed that the tokenomic shown in Solana Explorers Match Match publicly reported figures, with 15% of the tokens sold during the ICO and the majority of 85% in the possession of the developers related to developers, confirming the transparency in the allocation in the assignment.
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Pump. Fun ICO in minutes
On Saturday, Pump. He successfully raised $ 500 million in an initial offer of currencies (ICO) that was exhausted in just 12 minutes. The pump token has a total supply of 1 billion, with a 33% assigned to ICO, 24% reserved for the ecosystem and future projects, and 13% reserved for existing investors.
From the ICO part, 18% were sold to institutional investors and 15% to retail merchants.
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