February 6, 2025 – Solana-based meme coin deployer Pump.fun is currently embroiled in a legal controversy, following allegations of intellectual property violations related to several tokens launched on its platform. This claim has intensified with a cease and desist letter issued on February 5 by prominent U.S. law firms, Burwick Law and Wolf Popper LLP. The letter demands the immediate removal of several tokens, including the controversial Dogshit2 token, which allegedly infringe upon the firms’ trademarks.
The cease and desist notice serves as a formal warning, instructing Pump.fun to halt any unlawful activity immediately to avoid escalating legal consequences. The complaint highlights how Pump.fun has enabled the deployment of these unauthorized tokens, stressing that this behavior exacerbates the risk for investors within a potentially deceptive market.
Since its inception, Pump.fun has witnessed users create hundreds of tokens that parody various entities, including the law firms involved in the latest allegations. Notably, these meme coins bear themes related to Burwick Law and its managing partner Max Burwick, raising questions about the ethical implications of such creations.
In addition to the cease and desist letter, Pump.fun is currently facing two class-action lawsuits led by the same law firms. The first lawsuit was filed on January 16, targeting the Peanut the Squirrel token for being an unregistered security, while the second, lodged on January 30, expands the accusations to include Pump.fun’s operator, Baton Corporation Ltd. These legal actions allege that Pump.fun has profited from a pump-and-dump scheme that misled investors, contributing to significant financial losses.
- The lawsuits allege that Pump.fun extracted nearly $500 million in fees from traders.
- Field reports indicate a notable surge of 170% in the value of the Dogshit2 token following the filing of the cease and desist letter.
- Community scrutiny has revealed links between the law firms and the controversial meme tokens, suggesting potential conflicts of interest.
As of the latest updates, Pump.fun has yet to respond publicly to the cease and desist demands or the growing pressure from legal actions. Investors and community members are watching closely as developments unfold, particularly given the implications for the broader meme coin market and the use of blockchain technology in financial transactions.
