Burwick Law and Wolf Popper LLP, two U.S.-based law firms, have issued a cease-and-desist letter to Pump.Fun, a popular Solana memecoin launchpad.
The firms demand the immediate removal of tokens that misuse their names, logos, and intellectual property.
Burwick Law Accuses Pump.Fun of Ignoring IP Violations
In a statement released on social networking platform X, Burwick Law asserts that Pump.Fun has the technical ability to remove these tokens but has opted not to act despite the potential risks to the public.
The law firms argue that Pump.Fun has allowed third parties to create these tokens to “intimidate” their clients and undermine ongoing legal actions.
Unfortunately, hundreds of memecoins that mimic or mock Burwick and Wolf Popper remain active on the platform, raising concerns about Pump.Fun’s commitment to addressing intellectual property violations.
Pump.Fun Faces Legal Heat Over Alleged Deceptive Practices
It worth noting that the cease-and-desist letter follows a proposed class-action lawsuit filed by Burwick Law and Wolf Popper on January 30.
The lawsuit, filed by memecoin investor Diego Aguilar in the Southern District of New York, alleges that Pump.Fun promotes tokens with Ponzi-like characteristics targeting younger, less affluent investors.
The plaintiff alleges that he incurred significant losses after investing in three memecoins—FRED, FWOG, and GRIFFAIN—created via Pump.Fun, which he claims were marketed as having the potential for exponential returns.
Dogshit2 Token Surges Amid Legal Drama
Meanwhile, Dogshit2, one of the memecoins linked to the lawsuit, hit a $23 million market cap on Monday.
Recent data from CoinGecko shows that Dogshit2 has seen a massive rise, with its trading volume increasing by over 1000 percent in the past 24 hours, pushing its market capitalization to $8.7 billion—a 242 percent increase.
Despite its sudden popularity, Dogshit2 has not been absorbed in the linked lawsuit as it continues to face accusations of being part of a “high-risk pump-and-dump” scheme.
Burwick Law has firmly denied any connection to the token to distance itself from further controversy, stating that neither it nor Wolf Popper has launched or endorsed any memecoins.
The firm also dismissed claims that a blockchain address linked to Dogshit2 appears in their legal documents, calling such allegations “completely false.”
Incidentally, these class actions come just days after Donald Trump’s self-named memecoin, TRUMP, experienced a sharp decline, losing 44% of its value since its peak of $73.43 in January.
The post Pump.Fun Dragged In New Suit Over Memecoin Impersonation appeared first on TheCoinrise.com.
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