On stage — Pump.fun, a fun attraction on the Solana blockchain, where anyone can create a coin with a name like $PITBULL or $SENDNUDES and get liquidity in a couple of minutes. Seriously. A blockchain Disneyland for unemployed geniuses who love JPEGs, sarcasm, and quick gains.
Fact number one: recently, four brand new wallets, shining like freshly minted memecoins, associated with this platform popped up and sold 111,993 SOL. At the rate of $150.8. These are not just numbers — that’s $16.89 million transformed from SOL into stable love — USDC and USDT. Who said stability is impossible in the meme world?
Fact number two: this is not the first time. In November 2024, the same team withdrew 90,000 SOL on Kraken. Apparently, they already made a special section there — “for fun friends from Pump.fun.”
Fact number three: Pump.fun has already raked in over 1.3 million SOL in fees. Let’s convert that to dollars — over $313 million. For a platform where you can literally name a token $POOP and make money off it. Sorry, startups with business plans, you lost.
But what’s even more interesting? On the horizon looms not just profit, but a lawsuit. Class action lawsuit — a collective action against Pump.fun for “misleading” and “trading unregistered securities.” Well, of course! Did you think the memecoin $FART doesn’t require a legal license?
But who’s behind this show? According to Wired, the founder is a young man who could be your nephew, only he’s not painting graffiti on garages, but moving liquidity like an adult.
So, what’s all this about? We live in a world where idiocy can be turned into capital. Where four anonymous wallets can earn more than most funds in a quarter. Where the court is just the last stop on the way to a Lambo.
