The godfather of scams @A1LON9

Two class action lawsuits were filed in early 2025 against Baton Corporation Ltd. (the company behind Pump.Fun) and its founders. The lawsuits claim that memecoins launched through Pump.Fun—such as PNUT, FRED, FWOG, and others—were actually unregistered securities, violating U.S. securities laws. They are also facing legal troubles for market manipulation.

Pump.Fun has generated approximately $677 million in revenue since its early 2024 launch. Most of this comes from a 1% trading fee and a 0.05% fee on its DEX, PumpSwap. Revenue peaked at $15.5 million in a single day (Jan 24, 2025), but currently averages around $1 million per day. The platform was founded by Noah Tweedale, Alon Cohen, and Dylan Kerler, all in their early twenties.

• Only 0.04% Of Traders Make Money with Pump. Fun Meme Coins – According to Alejandro Arrieche (Financial Analyst)

• Seven millions tokens have been launched in pump. fun since its inception in 2024. - (Coindesk)