- Burwick Law and Wolf Popper served cease and desist letters to the Solana-based memecoin creation platform
- The law firms are demanding the immediate removal of over 200 tokens from the Pump.fun platform, alleging infringement on their intellectual property rights
- Among these is a token named DOGSHIT2, which the firms claim unlawfully uses their names and logos
Pump.fun, the Solana-based memecoin launchpad, has received cease and desist letters from two US law firms.
These legal actions come from Burwick Law and Wolf Popper, stemming from allegations that the platform hosts tokens that unlawfully use the names and logos of the law firms themselves.
They demand the immediate removal of over 200 tokens that allegedly infringe upon their intellectual property.
The Lawsuit and the “DOGSHIT2” Token
This all started in late January, when Burwick Law filed a class action lawsuit against Pump.fun, accusing the platform of violating securities laws by facilitating the creation and trading of unregistered and volatile memecoins.
Following the lawsuit, tokens mimicking the law firms’ identities, including one named DOGSHIT2, emerged on Pump.fun. The firms assert that these tokens were created to intimidate clients and interfere with ongoing litigation.
There was speculation that Burwick Law was involved in the creation or deployment of DOGSHIT2. The company’s managing partner, Max Burwick, denied these rumors. He explained that while the token concept existed as memory on the server, it was only deployed on-chain when a buyer purchased it, at which point the purchaser’s address was credited as the creator.
Related: Pump.fun Hit With Class Action Lawsuit, Accused of Securities Violations
The Law Firms’ Demands
The firms emphasize that they have no affiliation with DOGSHIT2 or any related assets and have not launched any memecoins. They demand that Pump.fun remove the infringing tokens and prevent further misuse of their intellectual property.
As of now, Pump.fun has not publicly responded to the cease and desist letter or the allegations. The platform continues to operate, with its weekly trade volume reaching an all-time high of $3.3 billion last week – partly due to the launch of tokens associated with public figures, such as the TRUMP token.
What Exactly is Pump.fun?
Pump.fun is a Solana-based platform that enables users to create and trade memecoins with ease, requiring no technical expertise. Launched in January 2024, it has rapidly become an important player in the memecoin market.
Users can generate their own Solana-based tokens in under a minute simply by providing a token name, ticker symbol, description, and optional image. This process is free, making token creation accessible to a broad audience.
Related: Flaunch.gg: Is This Meme Coin Launchpad the Next Pump.Fun Killer?
Since its inception, including data from earlier this year, Pump.fun has facilitated the creation of over 5.7 million tokens, contributing to the platform’s substantial revenue and prominence in the memecoin space.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
