Jarett Dunn, once a developer at the crypto platform Pump.fun, is now sitting in a UK prison while his former employer celebrates a record-breaking milestone. The meme-driven Solana launchpad has just surpassed $770 million in revenue, while Dunn faces at least seven years in prison.

🔐 From Code to Cellblock

Dunn, who worked at Pump.fun for just six weeks, admitted to abusing his position and draining roughly $2 million from the platform. After the attack, he spoke publicly and portrayed his actions as a kind of “warning,” claiming the platform was headed for collapse anyway.

However, during a sentencing hearing last October, Dunn requested to withdraw his guilty plea, throwing the case into disarray. The court must now decide whether to allow it. In the meantime, he’s being held in a London prison, where he landed after violating the terms of his bail.

⚖️ From Liverpool Back to Lockdown

Dunn was initially released with an ankle monitor, but when he decided to move from London to Liverpool in June — citing a preference for the city’s “emptiness” — he violated his bail conditions and was promptly arrested. He was first held in Walton Prison in Liverpool before being transferred to HMP Pentonville in London.

Behind bars, he wrote on X:

“Maybe I’ll just serve the sentence, earn a few degrees. The food is better than living alone.”
He shows little regret and seems to have accepted his situation with unusual calm.

🚀 Meanwhile, Pump.fun Skyrockets

While Dunn sits in prison, Pump.fun is booming. This week alone, the platform completed a $600 million token launch for its native coin, PUMP, which has quickly become the 68th-largest cryptocurrency by market cap.

What once operated out of a modest WeWork office in London has now evolved into the epicenter of Solana’s meme coin frenzy. The platform has launched dozens of quirky coins like Moo Deng, Fartcoin, and Chill Guy, while championing the vision of a free and open "internet capital market."

🧨 Robin Hood or Rogue?

While some condemned Dunn’s actions as a direct attack on small investors, others hailed him as a crypto Robin Hood, claiming his theft was a protest against a system riddled with pump-and-dump schemes.

Dunn himself said:

“I wanted to destroy Pump.fun because I could. It had been hurting people for a long time. I figured better I do it now than let them destroy it themselves later.”

The twist? Instead of collapsing, Pump.fun exploded. From $43.9 million in revenue at the time of Dunn’s hack, it has now hit $770 million, according to Dune Analytics.

📊 “One of the Most Significant Crypto Projects Ever”

According to data analyst Adam Tehc, who tracks the platform on his Dune dashboard, Pump.fun has become one of the most widely used apps in crypto history.

“It’s the fuel behind the meme coin explosion on Solana. It’s very significant.”


And Dunn? He’s still waiting to find out whether he’ll be allowed to retract his plea — or whether he’ll simply “do his time” while watching the very platform he tried to destroy reshape the future of crypto.


#pumpfun , #cryptocurrency , #solana , #CryptoFraud , #CryptoNews

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