Will the $ALON token, personally certified by the founder Alon, skyrocket after the Pumpfun token launch? Recently, the token launch platform Pumpfun in the Solana ecosystem is about to issue its tokens, attracting widespread market attention. Several exchanges are actively scrambling for allocations, indicating that this event will not only affect the performance of Pumpfun's tokens but may also have a significant impact on the liquidity of the Solana ecosystem, potentially even affecting related meme tokens. Pumpfun will adopt a Dutch Auction model for its token issuance, which can effectively avoid excessive speculation and help the market discover a reasonable price. The Dutch Auction starts at a high price and gradually decreases over time, allowing bidders to enter at a price they deem appropriate. Some industry insiders believe that centralized exchanges (CEX) may adopt this model more widely in the future. The Pumpfun platform has currently earned $572 million in fee revenue and has significant collaboration depth with exchanges like Kraken, with ample capital reserves and considerable market influence. However, multiple lawsuits in various regions of the United States may affect its token issuance process, and regulatory pressure remains an unknown factor. Additionally, the meme token $ALON, previously released by Pumpfun's founder Alon, has also garnered market attention. Whether $ALON will be influenced by market sentiment as the Pumpfun ecosystem expands remains uncertain. Although some investors are attempting to increase their positions at lower prices, the volatility of meme tokens is extremely high, and investors need to remain cautious. In summary, the token issuance of Pumpfun may become a new hotspot in the Solana ecosystem, but there is still considerable uncertainty in the market. Investors should pay attention to key factors such as token distribution rules, exchange support, and regulatory risks to prepare for potential black swan events.