Pump.fun is once again postponing the token launch, amid ongoing legal troubles.Pump.fun is once again postponing the token launch, amid ongoing legal troubles.

Pump.fun’s $4b token launch postponed again amid legal woes

2 min read

Memecoin launchpad Pump.fun has once again postponed its token auction, amid legal troubles and a social media ban.

Solana-based (SOL) memecoin launchpad is once again facing issues. On Friday, reports emerged that Pump.fun would postpone its public token sale yet again. Originally scheduled for June 25, the platform had planned to raise $1 billion at a $4 billion valuation.

According to crypto news reporter Colin Wu, the team now expects the auction to take place in mid-July. The team stated that planning for the token launch began in 2024 but noted that the launch has already been postponed several times. Pump.fun did not clarify why the latest suspension occurred, but it coincides with mounting legal troubles in several jurisdictions.

Pump.fun is facing legal issues in multiple jurisdictions, including a notable class action lawsuit. On Jan. 15, Burwick Law served the platform with a class action suit, accusing it of violating securities laws and engaging in market manipulation.

The lawsuit claims Pump.fun artificially inflated token prices for its own benefit, with the alleged manipulation resulting in significant investor losses. Max Burwick, founder of the law firm, described the project as “the ultimate evolution of multi-level marketing scams,” preying on desperate individuals.

In February, Burwick Law and Wolf Popper LLP also issued a cease and desist letter over alleged IP violations. Specifically, user-generated memecoins on Pump.fun frequently use logos and names that may infringe on the intellectual property of private individuals or corporations.

The legal situation has put the community on high alert. On June 16, X suspended the accounts of both Pump.fun and its founder, before reinstating them a few days later. While neither X nor Pump.fun provided an explanation, the incident was not isolated, several other crypto platforms also had their accounts temporarily suspended. Still, it remains unclear whether the Pump.fun ban was directly related to its ongoing legal troubles.

Market Opportunity
Sport.Fun Logo
Sport.Fun Price(FUN)
$0.03417
$0.03417$0.03417
-2.73%
USD
Sport.Fun (FUN) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

FCA komt in 2026 met aangepaste cryptoregels voor Britse markt

FCA komt in 2026 met aangepaste cryptoregels voor Britse markt

De Britse financiële waakhond, de FCA, komt in 2026 met nieuwe regels speciaal voor crypto bedrijven. Wat direct opvalt: de toezichthouder laat enkele klassieke financiële verplichtingen los om beter aan te sluiten op de snelle en grillige wereld van digitale activa. Tegelijkertijd wordt er extra nadruk gelegd op digitale beveiliging,... Het bericht FCA komt in 2026 met aangepaste cryptoregels voor Britse markt verscheen het eerst op Blockchain Stories.
Share
Coinstats2025/09/18 00:33
Cashing In On University Patents Means Giving Up On Our Innovation Future

Cashing In On University Patents Means Giving Up On Our Innovation Future

The post Cashing In On University Patents Means Giving Up On Our Innovation Future appeared on BitcoinEthereumNews.com. “It’s a raid on American innovation that would deliver pennies to the Treasury while kneecapping the very engine of our economic and medical progress,” writes Pipes. Getty Images Washington is addicted to taxing success. Now, Commerce Secretary Howard Lutnick is floating a plan to skim half the patent earnings from inventions developed at universities with federal funding. It’s being sold as a way to shore up programs like Social Security. In reality, it’s a raid on American innovation that would deliver pennies to the Treasury while kneecapping the very engine of our economic and medical progress. Yes, taxpayer dollars support early-stage research. But the real payoff comes later—in the jobs created, cures discovered, and industries launched when universities and private industry turn those discoveries into real products. By comparison, the sums at stake in patent licensing are trivial. Universities collectively earn only about $3.6 billion annually in patent income—less than the federal government spends on Social Security in a single day. Even confiscating half would barely register against a $6 trillion federal budget. And yet the damage from such a policy would be anything but trivial. The true return on taxpayer investment isn’t in licensing checks sent to Washington, but in the downstream economic activity that federally supported research unleashes. Thanks to the bipartisan Bayh-Dole Act of 1980, universities and private industry have powerful incentives to translate early-stage discoveries into real-world products. Before Bayh-Dole, the government hoarded patents from federally funded research, and fewer than 5% were ever licensed. Once universities could own and license their own inventions, innovation exploded. The result has been one of the best returns on investment in government history. Since 1996, university research has added nearly $2 trillion to U.S. industrial output, supported 6.5 million jobs, and launched more than 19,000 startups. Those companies pay…
Share
BitcoinEthereumNews2025/09/18 03:26
Trump foe devises plan to starve him of what he 'craves' most

Trump foe devises plan to starve him of what he 'craves' most

A longtime adversary of President Donald Trump has a plan for a key group to take away what Trump craves the most — attention. EX-CNN journalist Jim Acosta, who
Share
Rawstory2026/02/04 01:19