The market cap of the token ALON, founded by the CTO of pump.fun, has exceeded $16 million, with a 24-hour surge of over 26%.

BlockBeats News, on June 16, according to GMGN market data, the market cap of ALON token, founded by pump.fun's CTO, has surpassed $16 million, now reported at $16.03 million, with a 24-hour surge of 26.35%.

The founder of pump.fun previously stated in January that they took over the ALON token's TG group and covered the Dexscreener expenses.