Thu, February 6

Pump.fun Faces Legal Action Over 200 Memecoins by US Law Firms

Pump.fun Faces Legal Action Over 200 Memecoins by US Law Firms Market News
  • Solana meme coin creation platform received a cease and desist letter from US law firms.
  • The law firm demanded to remove some tokens from their platform to impersonate their firms.

Pump.fun is making headlines again for receiving a cease and desist letter by Burwick Law and Wolf Popper. This is because some meme coins on the platform use law firm logos and names without any official permission.

Pump.fun is Solana’s meme coin launchpad used to create and launch meme coins. On February 5, Burwick Law and Wolf Popper demanded the immediate removal of some tokens such as Dog Shit Going Nowhere (DOGSHIT2) and others. 

The US law firm said that these tokens are using their logos and names, which comes under the unlicensed use of intellectual property. According to the Burwick Law, the platform has launched over 200 tokens after last week’s class action lawsuit. Moreover, most of these tokens impersonate their firms.

Burwick Law Says Pump.fun did this Intentionally

According to the post, multiple users created tokens utilizing the names and logos of Burwick Law and Wolf Popper. Additionally, some tokens use Burwick Law employees and their client’s names.

The law firm stated, 

“Burwick Law confirmed that PumpFun has the technical capability to remove these tokens and has chosen not to act, despite the clear financial and legal risks posed to the public.” 

Besides this Burwick law also alleges that Pump.fun did this intentionally with the help of a third party. By this, the platform aims to intimidate our clients and interfere with ongoing litigation.

Pump.fun had not responded to this allegation and also had not taken down the tokens. The law firms stated that these tokens are risky for the general public as they could mislead individuals.

Despite the ongoing litigation, Pump.fun has seen a surge in usage, especially after launching tokens related to the Trump family.

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