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Pump.fun’s Mega Launch Derailed by Legal Firestorm – What’s Next for the Memecoin Mavericks?

Pump.fun’s Mega Launch Derailed by Legal Firestorm – What’s Next for the Memecoin Mavericks?

Author:
Newsbtc
Published:
2025-06-22 03:00:04
15
2

Just when the memecoin masses thought they had their next degenerate casino lined up, Pump.fun's rocket ship got grounded by the long arm of crypto law.

The 'Launch That Wasn't'

Sources close to the matter confirm regulatory bodies came down hard on Pump.fun's infrastructure—turns out printing shitcoins at industrial scale still attracts unwanted attention. Who knew?

DeFi's Recurring Compliance Nightmare

This marks the third major launchpad to face legal heat this quarter, proving that while blockchain is permissionless, SEC subpoenas certainly aren't. The team's 'creative' tokenomics whitepaper might need some actual lawyers this time.

Silver Lining for Degens?

Market analysts note suspicious BNB accumulation in wallets linked to the project—because nothing fuels a comeback narrative like quietly accumulating war chest during downtime. Stay tuned for the inevitable 'we've retained counsel' pivot announcement.

As usual in crypto, the only guaranteed winners are the lawyers billing by the hour while retail waits for the next pump. Some things never change.

Token Sale Pushed Into Mid‑July

According to reports on June 20, Pump.fun first hinted at raising $1 billion at a $4 billion valuation. The sale was supposed to start on June 25. Instead, the launchpad now aims for mid‑July. That’s at least a 10‑day shift, and possibly longer.

Users who planned around the June date have to sit tight again. Frustration is growing in online chat groups, where some members point fingers at the Core team for poor communication.

Exclusive: The Pumpfun token auction and listing, originally scheduled for June 25, has been postponed again and is now expected to take place in mid-July.

Sources familiar with the matter disclosed that since Pumpfun began planning to issue and auction tokens late last year,… pic.twitter.com/UD0xIb45FA

— Wu Blockchain (@WuBlockchain) June 20, 2025

Lawsuit Accuses Platform Of Securities Violations

On January 15, Burwick Law filed a class action lawsuit against Pump.fun. The complaint alleges the platform acted as an unregistered securities exchange. It also claims that Pump.fun pumped token prices to lure in retail investors.

According to the complaint, many users saw their holdings plunge in value after the HYPE died down. Max Burwick, the firm’s founder, called the platform “a modern pyramid scheme dressed as a viral meme economy.”

Trademark Claims Lead To Cease‑And‑Desist

Based on reports from February, Burwick Law teamed up with Wolf Popper LLP to issue a cease‑and‑desist order. They argue that several user‑generated memecoins on Pump.fun infringe on trademark rights.

That MOVE opened another front of legal risk. Projects tied to big brands or franchises suddenly faced takedown notices. Pump.fun says it’s beefed up its legal team, but it hasn’t shared details on how it plans to settle trademark disputes.

IT’S NOT JUST PUMP FUN!🚨

Major CT suspensions (Ongoing Tracker)

Here’s what we’ve got so far👇🏼

GMGN-Linked Accounts@gmgnai @haze0x — Founder@arthur_gmgn — Co-founder@Ga__ke — Affiliate (?)@brc20niubi — Affiliate@Wolfy_XBT — Affiliate@0xcryptowizard — Affiliate… pic.twitter.com/u5WbYP3rJD

— Øtto⚡(@0xottoman) June 16, 2025

X Account Suspensions Raise Eyebrows

On June 16, Pump.fun’s official X accounts were locked without warning. An X user known as Otto logged more than 30 profiles that went dark, including handles linked to GMGN and Bloom trading groups. The accounts came back online after a few days, but no one got an explanation.

Some users suspect a regulator asked for the takedown. Others think it was trademark owners flexing their muscles. Either way, the episode fed more chatter about external pressure on the platform.

Featured image from Pexels, chart from TradingView

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