币界网报道：At the critical moment of the upcoming Token Generation Event (TGE), the official account of Pump.fun and its founder X were suddenly banned. The platform once set a record of daily revenue of more than 7 million US dollars, but it has recently fallen to about 1 million US dollars per day. It is disclosed that Pump.fun plans to raise 1 billion US dollars through ICO, with a valuation of 4 billion US dollars, but the sudden wave of account bans may disrupt its coin issuance plan. At the same time, the platform is facing multiple legal proceedings, including allegations of violating US securities laws and suspected Ponzi schemes. Data shows that more than 60% of users who have used the platform in the past 6 months are in a state of loss, and most creators have earned less than 1,000 US dollars. Co-founder Dylan Kerler is even suspected of being related to many "junk coin" Rug Pull incidents in the early years. As the market heat cools down and regulatory pressure increases, the development prospects of Pump.fun are full of uncertainty.