A US law firm has revealed plans to take legal action against Solana-based meme coin launchpad Pump.fun on behalf of investors, citing months of questionable promotional activities by platform users.
New York-based Burwick Law, which recently filed a federal lawsuit against the creators of the ill-fated Hawk Tuah meme coin, made its announcement on X on Wednesday.
“In the past few months, Pump.fun has collected hundreds of millions of dollars in fees while illicit drug use, self-harm, racism, antisemitism, lewd acts, bestiality, violent and other antisocial acts were displayed on the platform,” the law firm alleged.
The firm has called on individuals impacted by Pump.fun’s practices to come forward and contribute to a potential legal case to seek restitution.
Its announcement follows months of collaboration with individuals who, Burwick said, are seeking remediation after losing “significant amounts of money to meme coins, rugs, and unfulfilled promises.”
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