#迷因币情绪 Below is a brief description of **Pump Token Sale** (within 120 words):

> **Pump.fun** is a popular memecoin issuance platform on the Ethereum and SOL chains, employing a "flash sale" model: users purchase tokens in phases, with prices increasing based on the amount purchased, until a preset market cap is reached and the tokens are automatically listed on DEX. In May 2024, the platform was investigated by on-chain detectives for allegedly exploiting vulnerabilities for improper profit (approximately $1.9 million), leading to a temporary suspension and affecting some users' funds. The incident exposed risk management issues in decentralized platforms and raised community concerns about transparency. Users are strongly advised to verify project security mechanisms before participating.

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*Note: The Pump.fun incident is a significant case in the industry for 2024, highlighting the need for emerging platforms to strengthen regulation and technical auditing. Investing in memecoins is a high-risk activity; please make cautious decisions.*