pump.fun The sale of the distinctive general symbol was late again, which extends for months of uncertainty for users and investors as a local SolanaLaunchpad, the document is wrestling with a wave of lawsuits, Colin Woo I mentioned On June 20.
Pump.fun aims to raise a billion dollars in A. 4 billion dollars evaluation Through the distinguished symbol auction, which was originally appointed on June 25. The sale is expected to happen now in mid -July, although the team did not give an accurate history or a clear reason for the additional delay.
According to what was reported, the unique symbol was postponed several times since planning began in early 2024, which eager to clarity in the future of the platform.
Collective lawsuit
PUMP.fun’s Harcershes Center for a group lawsuit filed by Burwick Law on January 15.
The complaint claims that the launch platform operates unregistered securities books and is involved in the systematic basic manipulation, amplifying the value of the distinctive symbols through its platform and leaving the buyer of retail with Heavy losses when the noise calms down.
Max Burwick, the company’s founder, publicly charged. The modern pyramid scheme Masked as the Economy of the viral M. The lawsuit seeks to obtain compensation and spent to stop what the prosecutors describe as marketing and trading practices.
In addition to the demands of securities, serve Burwick Law and Wolf Popper LLP pump.
Social media prohibiting fuel is uncertain
Project conflicts Pour on social media When responsible x POMP.fun accounts and its founder were suspended on June 16 without a general interpretation.
The ban, which was lifted a few days later, raised rumors that the organizers or legal complaints may have paid the removal. However, X and Pump.fun did not confirm any link to suspended lawsuits.
The incident reflected a wider direction, as other startups to encryption have informed sudden tables on the platform in recent months, which has already warned societies against increasing the organizational campaign around the world.
Pump.fun has since expanded its legal team in an attempt to defend itself against multiple lawsuits and maintain society’s support. Despite the new appointments, users and investors remain in the dark about the time of selling the distinctive symbol, which was described as a major news of the project, in the end.
The repeated settings also sparked the discussion within the Solana Ecological System on sustainability and legal risks to the fast Memecoin launch.
Industry observers say that the results of the lawsuits can put an important precedent for other platforms that focus on the MIM that transports the thin line between viral noise and organizational compliance.
