Pump.fun Faces Legal Threat Over DOGSHIT2 Meme Coin
Two law firms Burwick Law and Wolf Popper LLP accused Pump.Fun of using its intellectual property to create controversial meme coins, with shit nowhere to go (Dogshit2). The companies also accuse Pugm.Fun of trying to intimidate its customers.
The allegations come as both companies filed class action lawsuits against Pump.Fun, claiming that the platform has promoted widespread securities fraud. They also called for launchpads that allow users to easily create and trade unregistered tokens.
dogshit2 soars Pump
On Thursday, X (Twitter) shared a ceasefire letter dated February 5, 2025. Burwick Law and Wolf Popper LLP asked Pump.Fun to immediately remove Dogshit2 and other tokens that allegedly mimic the company and its employees.
“…Any further unauthorized use of our company name, intellectual property or use associated with this token may be taken immediately legal action,” the post read.
When Burwick Law submitted, the controversy surrounding Dogshit2 began with Court Documents Initial Litigation against Pump.Fun. It includes an exhibition showing how users can easily create tokens on the platform. The company also blames the pump. Carpet pull and failed meme coins.
However, crypto analysts quickly noticed that the wallet address mentioned in the lawsuit was related to Dogshit2. This revelation led to speculation that Burwick Law or its affiliates had accidentally created tokens.
The law firm strongly denies any involvement in launching or profiting from DogShit2. They said that the token only exists as “memory on the server” until it is purchased by an unknown party and deployed on the chain.
Despite Burwick’s denial, dogshit2 continues to attract investors’ interest. At the peak of January 31, the token’s market capitalization exceeded $23 million. according to Co Ringecko datathe price has risen More than 200% since Thursday’s meeting opened.
The role of pump.fun platform in controversy
At the same time, the main problem in the legal struggle is the pump. The law firm asserted that pump.fun had the technical ability to eliminate controversial tokens, but refused to do so.
The law firm added: “Burwick Law confirmed that despite the obvious financial and legal risks to the public, Fum.Fun has the technical ability to remove these tokens and chooses not to take action. ”
They further claimed that the pump’s actions represented an effort to intervene in ongoing litigation, which scared investors into claiming against it. The company warns that this strategy could undermine Blockchain technology By using it to hinder due process and manipulate public perception.
pump.fun has not yet publicly commented on the intimidation allegations. However, the launch pad’s advertisements are only open Token generation platform.
At the same time, regulatory review Same corner Platforms have increased, especially as high-risk pumps and rainfall programs proliferate. However, for the pump. Delayed altcoin season. most Solana There are also founders Negative emotions on the platform.
However, it is impossible to forget Solana Meme Coins The extraordinary start of LaunchPad One year. As Beincrypto reports, the platform records a famous Daily income of $14 million On January 2, December accounted for 52.8% of SOLANA DEX transactions.
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