Former Pump.fun employee imprisoned as Solana platform reaches $770 million in revenue

Jarett Dunn, former senior developer of Pump.fun, is being held in a London prison for violating bail conditions. He is awaiting a hearing related to the attack on the Solana meme coin platform, where he withdrew $2 million last year. Notably, since the attack, Pump.fun has exploded in growth, achieving over $770 million in revenue.

Developments in the case and the growth of Pump.fun

Dunn had previously pleaded guilty to fraud and transferring illegal assets, but later requested to withdraw his guilty plea, causing his legal team to abandon the case. His unilateral move to Liverpool violated bail conditions, leading to his imprisonment. Dunn shared on X that he may accept his guilt and serve his sentence.

Dunn's case comes at a time when Pump.fun is preparing for a $600 million ICO and launching token #PUMP . Since the attack, Pump.fun's lifetime revenue has increased from $43.9 million to $770 million, becoming the focal point of the meme coin craze and one of the most used applications in crypto history.