Tag Archives: Pump.Fun

Pump.fun Co-Founder Dismisses PUMP Token Launch Speculation

Pump.fun Co-Founder Dismisses PUMP Token Launch Speculation

Pump.fun’s co-founder Alon Cohen has dismissed speculation about an upcoming PUMP token launch. The development comes as the platform is facing a potential class-action lawsuit for the alleged sale of unregistered securities. Token Launch Rumors Cohen addressed the rumors on X, stating, “Seeing rumors about a potential pump fun token – these are wrong.” He also urged users to rely …

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Pump.Fun co-founder says most altcoins serve same purpose as memes

Pump.Fun co-founder says most altcoins serve same purpose as memes

Pump.fun co-founder Alon Cohen said that most tech altcoins feature the same value proposition as memecoins but come with low float, high fully-diluted value, and the involvement of venture capitalists, who are notorious for using retail traders as exit liquidity. Cohen was responding to a post insinuating that the memecoin launch platform derailed the altcoin price cycle and said that …

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Pump.fun dismisses token launch rumors on heels of lawsuit

Pump.fun dismisses token launch rumors on heels of lawsuit

The co-founder of Pump.fun has denied circulating rumors about an upcoming token launch, urging users to disregard information not directly shared by the platform. Co-founder Alon Cohen, who helped launch Pump.fun in January 2024, posted on X that his team remains focused on product improvements. They also remain committed to “rewarding users properly,” he said. Cohen’s message emphasized the importance …

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Solana’s Retail Surge Driven by Pump.fun, Ethereum Still King of Large Trade

Solana’s Retail Surge Driven by Pump.fun, Ethereum Still King of Large Trade

Solana is currently dominating the retail decentralized exchange (DEX) market and accounts for 48% of total DEX volume. In fact, nearly 60% of this activity is driven by the popular Solana-based meme coin platform pump.fun transactions, according to OKX’s recent report shared with CryptoPotato. Solana vs. Ethereum While Solana leads in overall transaction volume, Ethereum and its Layer 2 networks …

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Law firm that sued Pump.fun is being linked to a $23M ‘DOGSHIT2’ coin

Law firm that sued Pump.fun is being linked to a M ‘DOGSHIT2’ coin

A memecoin believed to have been launched by a law firm to help it build a class-action lawsuit against Solana memecoin creator Pump.fun recently has gained attention in the community, hitting a $23 million market capitalization.  Pump.fun was hit with a proposed class-action suit on Jan. 30 by investors alleging every token it helped make is an unregistered security from …

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Pump.fun Faces Class Action Over Alleged Securities Law Breaches

Pump.fun Faces Class Action Over Alleged Securities Law Breaches

Solana-based meme coin creation platform Pump.fun has been hit with a proposed class-action lawsuit accusing it of violating U.S. securities laws. The suit, filed on January 30, alleges that every token created through Pump.fun constitutes an unregistered security, from which the platform has profited nearly $500 million in fees. Alleged Securities Violations and Investor Losses The lead plaintiff, Diego Aguilar, …

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Pump.fun hit with suit claming all memecoins are securities

Pump.fun hit with suit claming all memecoins are securities

Solana memecoin creation platform Pump.fun was hit with a proposed class-action suit alleging every token it helped make is an unregistered security from which it made nearly $500 million in fees. The suit filed by Diego Aguilar in a New York federal court on Jan. 30 claimed that Pump.fun, allegedly run by the UK-based Baton Corporation, used guerilla marketing to …

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Meme coin giant Pump.fun faces second lawsuit

Meme coin giant Pump.fun faces second lawsuit

Legal trouble is catching up to Pump.fun. With two lawsuits in motion and fraud allegations flying, is this meme coin casino finally running out of luck? Pump.fun, a platform notorious for launching meme coins on the Solana (SOL) blockchain, is now facing a second class-action lawsuit just days after the first. The legal battle, led by Burwick Law and Wolf …

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Pump.fun User Mints 18,000 Meme Coins, Earns $3.76M

Pump.fun User Mints 18,000 Meme Coins, Earns .76M

A Pump.fun user has apparently been mass-producing meme coins at an astonishing rate, creating nearly 18,000 tokens and amassing at least $3.7 million in profits. Blockchain data shows that the individual launched an average of 12 coins per hour daily for several months. The Meme Coin Minting Machine The user, identified by the wallet 0x818a…aJa13N, showed relentless activity, suggesting they …

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Solana Pump.fun tool DogWifTool compromised to drain wallets

Solana Pump.fun tool DogWifTool compromised to drain wallets

Hackers have compromised the Windows version of the DogWifTools software for promoting meme coins on the Solana blockchain in a supply-chain attack that drained users’ wallets. The developers claim that a malicious threat actor compromised the project’s private GitHub repository after reverse engineering the software to extract a GitHub token. The maintainers of the platform said on the official Discord channel …

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