PumpFun

Auction of Pump tokens.The $4 billion fun is being postponed once again — now it's being postponed to mid-July. This is not the first postponement: the project has been regularly encountering obstacles since last year. This time, there are legal difficulties again.
The Pump command.fun planned to hold the auction at the end of June, but on June 20 it became known about the postponement. The main reason is legal problems, in particular a class action lawsuit from Burwick Law, which accuses the project of violating securities laws. The company's founder, Max Berwick, even named Pump.fun is "the highest stage in the evolution of multilevel marketing fraud."
Despite such accusations, the team continues to sell quotas of tokens to institutional investors, without waiting for a full launch. This causes tension and distrust among retail investors, especially when the official account of the project in X (formerly Twitter) is suspended, and there are no comments from the developers.
The Pump situation.fun has a direct impact on the broader market, especially on assets related to Solana, because the project is based on this particular blockchain. The price of the SOL token has already dropped by -2.7% per day, although trading activity has increased. It is significant that any major delay in such projects causes caution among investors and may temporarily cool interest in the entire sector, for example, in memcoins.
Given the accumulated risks, lack of transparency, and ongoing lawsuits, the project is increasingly raising questions rather than certainty.
Do you think it's worth trusting such projects at all now, or is it better to stay away until the situation is clarified?
#pumpfun $SOL #CryptoNewss #crypto #sol

The legal battle lawsuit against the memecoin launchpad Pump.fun is heating up, and the firm is gearing up to fight.
Pump.fun’s parent company, Baton Corporation, has hired several high-profile attorneys to bolster its defense in its ongoing legal battles. The new hires include crypto litigation experts from the international law firm Brown Rudnick, including a former SEC investigator, Daniel L. Sachs.
The move aims to strengthen the firm’s defense team as it battles a series of allegations from Burwick Law, a New York-based firm that launched its legal campaign against the platform earlier this year.
Burwick first served Pump.fun with a class action lawsuit in January, accusing the platform of various forms of misconduct. The firm alleged that the platform’s offerings violate U.S. securities laws, and claimed that it artificially inflates token prices for personal gain, thereby causing significant losses for investors.
A second filing followed shortly after, expanding the case to include the platform’s co-founders, Baton Corporation, and other key figures behind the project. Burwick Law’s CEO also accused Pump.fun of attempting to intimidate and derail the legal process, after several tokens allegedly tied to his family appeared on the platform in a fraudulent fundraising scheme.
The recent suspension of the official X accounts of Pump.fun and its co-founder Alon Cohen reignited Burwick Law’s campaign. The firm posted shortly after the takedown, leveraging speculation that the move may have been linked to the nature of the platform’s services to renew calls for more affected investors to join the class action lawsuit, which now includes over 500 participants.
However, Pump.fun isn’t the only project under Burwick’s legal spotlight. The firm is also leading lawsuits against other similar platforms, including BULLX, DexScreener, GMGN, and more.
#altcoins #pumpfun