IOSG Founder: Pumpfun Pre sale Looks More Like Team Exiting Eventually "IOSG founder Jocy stated in an article that there are no publicly available lock up and linear release rules for this pre-sale, which means that insiders may sell immediately after going online, transferring the vast majority of risks to public investors. In the downward cycle of altcoins, financing at a valuation of $4 billion has already overdrawn future growth potential.