Pump.fun and Other Memecoin Accounts Suspended From X in Apparent Crackdown

Pump.fun, Founder Alon’s X Accounts Banned

X is supposedly stepping into another wave of enforcement against memecoin tools, suspended Pump.fun and its founder accounts.

Pump.fun and Other Memecoin Accounts Suspended From X in Apparent Crackdown

The mass suspension of Pump.fun and other memecoin-linked accounts has stirred speculation of regulatory heat and platform violations, just as the Solana-based launchpad gears up for a billion-dollar token sale.

Pump.fun strengthens legal team with fresh hires to fight Burwick lawsuit

The legal battle lawsuit against the memecoin launchpad Pump.fun is heating up, and the firm is gearing up to fight. According to recent reports, Pump.fun’s parent company, Baton Corporation, has hired several high-profile attorneys to bolster its defense in its…

Crypto Platform Pump.fun Slammed As ‘Disease’—Critics Say It ‘Stole’ $741 Million

A growing wave of criticism is sweeping over Pump.fun, the Solana-based memecoin launchpad that’s pulled in about $741 million from users’ trades. According to blockchain data, the platform has been selling off its fee earnings in huge chunks since May 2024. Traders now wonder whether the site is built to serve them or simply to line its own pockets. Fee Extraction Scale According to analytics from LookOnChain, Pump.fun has sold around 4.1 milli…

Pump.fun Dumps $741M in $SOL Amid Legal Crackdown

Key Insights: Pump.fun sold 4.1M $SOL, averaging $180 since May. 3.84M $SOL moved to Kraken at $182 per token. Legal heat rises as the X account is suspended by the court. Pump.fun, a Solana-based meme token launch platform, made headlines for liquidating a massive portion of its Solana (SOL) holdings. Since May 19, 2024, the team sold roughly 4.1 million SOL — valued at over $741 million — amid growing legal scrutiny and a court-ordered suspen…

Pump Fun taps high-profile lawyers to battle Burwick lawsuit

Pump Fun taps high-profile lawyers to battle Burwick lawsuit Memecoin platform Pump Fun has made further additions to its legal team as it gears up to fight a lawsuit brought by legal firm Burwick Law.  Legal filings from last Thursday and back in May revealed that Brown Rudnick’s Daniel L. Sachs and Kyle P. Dorso have been named as counsel. They join Stephen D Palley, chair of Brown Rudnick’s Digital Commerce Group, in representing Baton Corpor…