Pump.fun $500M Presale Tokens Not Locked

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…