On February 9, crypto KOL He Coin (@hebi555) posted an article on X saying: "The known news of pump.fun is publicly offered on major exchanges, and it is said that it is still in the Dutch auction model. It was originally exclusive to a certain exchange, but a certain exchange was cancelled due to compliance, and now it has been changed to a public offering on multiple exchanges. Because of the huge project and many requirements, the current public offering systems of major exchanges do not meet the needs of pump.fun Major exchanges are developing customized public offering programs for pump.fun However, in the end, it was still full of variables. Pump.fun also faced a class action lawsuit in the United States, and felt that it would not issue coins until the lawsuit was over. "