The market value of Pump.fun's eponymous Meme coin ALON once exceeded 260 million US dollars, but has now fallen back to 140 million US dollars

GMGN data shows that the market value of the eponymous Meme token ALON, created by Pump.fun co-founder Alon Cohen, once exceeded $260 million, but has now fallen to around $140 million. Earlier today, it was reported that Pump.fun co-founder Alon Cohen stated that he did not create the ALON token, but has taken over the TG group of the token and paid Dexscrener fees.