Pump.Fun’s $4B Dream CRUSHED? Legal Trouble Delays Token Sale

Written By:
Jalpa Bhavsar

Reviewed By:
Jahnu Jagtap

Pump.fun'S $4B Dream Crushed? Legal Trouble Delays Token Sale

Solana-based memecoin launch platform Pump.fun has postponed its token sale once again. The sale was originally planned for June 25 and it meant to raise $1 billion at a $4 billion valuation. But now it’s expected to happen sometime in mid-July.

This isn’t the first time the delay has happened. The project has pushed back its launch multiple times since it began planning in 2024. Pump.fun hasn’t given a clear reason for this latest delay, but it’s happening while the company is dealing with serious legal problems.

Pump.fun is currently dealing with serious legal challenges. In January 2025, a class action lawsuit was filed against the platform by Burwick Law. The lawsuit accuses Pump.fun of violating securities laws and manipulating token prices to benefit the team behind the project. According to the legal filing, this manipulation led to heavy financial losses for many investors.

Max Burwick, the founder of the law firm, even described Pump.fun as “the ultimate evolution of multi-level marketing scams”. He claimed the platform targets vulnerable people looking to make money quickly.

Another legal complaint came in February, when Burwick Law and Wolf Popper LLP sent a cease and desist letter. They said that many memecoins on the platform were using copyrighted logos and names without permission.

On June 16, Pump.fun and its founder’s X (Twitter) accounts were suddenly suspended. They were restored a few days later, but no reason was given. Several other crypto accounts were also suspended around the same time.

Also Read: Pump.fun Calls Elon Musk to Launch Memecoin Just Like Trump



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Jalpa Bhavsar is a Crypto Journalist with 3 years of experience in crypto, blockchain, AI, digital design, and crypto news reporting. She holds a B.Tech in Computer Science, bringing a strong technical foundation to her writing. Jalpa focuses on delivering clear, accurate, and engaging coverage of the latest trends and developments in the crypto and tech space.
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Jahnu Jagtap, a crypto enthusiast since 2020. Loves to guide others to understand blockchains, crypto currencies, NFTs, Metaverse and everything in Web3. He is passionate about his work and never stops his research on crypto.