PumpdotFun co-founder: ”No plans for token launch”... Opposes ”Based meme coin experiment”

The co-founder of Pump.Fun, the Solana-based meme coin launchpad, has denied having any plans for a token launch.
According to Decrypt, on the 17th (local time), Pump.fun co-founder Alon Cohen
Cohen, the founder and CEO of Coinbase, said that the problematic automated token issuance on Base, Coinbase’s Layer 2 network, has been a major problem.
"What Base did may become common in a few years, but it's not something we can be sure of right now," he said through X.
This is not the case, and I believe that the reality is that damage has been caused by this." The post was automatically generated from a post made by the base's OfficialX account, and the message "The base is all
This was a direct response to the "Base is for Everyone" token, which began trading minutes later, with a market cap of 17 million.
After soaring to $24.5 billion, it plummeted by more than 90%, sparking criticism of the token's release. Onchain analysis showed that the top three wallets hold almost half of the supply.
According to the report, BASE confirmed that the network “did not sell any tokens, and was not in any way official.”