Solana-based meme coin platform Pump.fun is facing legal challenges due to allegations of intellectual property violations.
Law firms Burwick Law and Wolf Popper LLP have issued a cease and desist letter to Pump.fun, demanding the removal of meme coins that misuse their clients' names and logos.
Pump.fun is accused of enabling token launches to target and intimidate their clients, as well as obstruct ongoing lawsuits.
Pump.fun faces multiple class-action lawsuits alleging violation of securities law and exploiting retail investors.