Pump.Fun

Pump.Fun: A platform for launching and trading meme-inspired cryptocurrencies, facing a class-action lawsuit for allegedly operating as an unregistered securities issuer and misleading investors, facilitating "pump-and-dump" schemes.

A live streaming feature on a token platform, used for marketing, was disabled in November 2024 after extreme and controversial actions by streamers, leading to backlash and a decline in user activity, token creation, and revenue. The platform faced scams, including a high-profile rug pull by a 13-year-old, and withdrew from the UK in December 2024 due to regulatory warnings.

• Website: https://pump.fun
• Registration: A Solana wallet is required to interact with the platform
• Operation: Allegedly created and promoted meme coins that they artificially inflated before dumping them, causing the value to plummet.
• Tactics: Used social media campaigns to generate hype and lure inexperienced investors into buying the coins at inflated prices.