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Summary

pump.fun (operated by Baton Corporation Ltd., also listed on AVOID.NET as 'pumpdotfun') is a Solana-based meme token launchpad that launched in January 2024 and rapidly became one of the most-used token creation platforms in crypto, generating over $800 million in cumulative revenue and more than 11.9 million tokens. The platform is subject to an active RICO class action lawsuit in the SDNY alleging up to $5.5 billion in retail losses, a UK FCA regulatory ban, a $1.9 million insider flash loan exploit, documented use by North Korea's Lazarus Group for money laundering, and independent research classifying 98.6% of its tokens as rug pulls or fraud.

Connected Entities

113 entities · 5 linked investigations
Wallets
hUgugm…vLgqXwkrmV…nDSA3B2PRP…9B4J6DGGWg…k5Ru12HWMj…ZrZC7W5Qwe…oFBQ6Gr3xT…JnD2121s9z…R1wX12hryE…GR1Y55NTdb…TouL8UHpWB…LC426TWBeu…bTxB4Bky4Y…BfYtHhqVKz…jP2RERRGqu…dNYa12of4Q…niaz7ZN3Sp…oz2g6Dfw8L…snAt43bGsz…QivgBBvQte…vCfTWBe4ET…nL6Hq2mUu7…5Cd311gcwD…vF7L2HJ1Pz…VMVaDhws9q…8jno6S6wqt…DpUdA9t5rF…J6tx39QzWu…Hsc3477avY…m8E1122K3h…EZMd4C4KDz…2hSu1rGxPB…91z63tRjMb…oSuN2N7Etu…RZtRVav5Zs…RU7n11KZag…Cu3pCkB2zL…VnSmLcKnnz…3eywKd1mpM…5ZjM454e69…SzkU3ATWGy…LppADdugXP…UWGjDwXgpq…dfxt121PKR…qXvX4D1R9D…KtZQ11FpEE…yQj9HwyoDK…bNTSCfq1ts…bgZtK5Tu3Q…c6VZWmJCv8…VWBz6DKeo5…DTrM9ykaDF…qks59pkFKC…cXzv2NyDDm…ZRgmAr67Fn…pV4n361Ra3…Ek6Eo7Wvs8…ZKXW121B3K…zMgP11LGYj…ph5725xZzz…LeR8121oe6…taPw45yAxr…dZWjhG75bA…7kb7AqMcVb…TnacL43Mtb…QCBB12148y…Brr93D2QDC…LEVZ6zcE5W…7Eu6A2eatD…WG5o122FNJ…p32zJoDhEA…JPgTGTeSSw…3MhB11VfMF…jcXZ49PbZM…rQ3oAq93J7…oU9kAs7ma2…zxKfVBxK7h…NkZr46y5GH…Q9AU8gop5R…o6Hb3tWXJ9…qkmG8UhbNo…TogCPump (PUMP)5xru15…1Cw642yr7Q…5KBEAvqFxK…TdT69Ucygi…C2dN6zgDLM…ne8KAvS8C7…nf12DVVBqN…snPP3zciLD…uybeApgMhL…ThQF2Uob6o…drSMKiZeXC…yveR38r1sQ…5dJ5AWpLdf…Fk6RbtCnKH…xsJQnAdG2t…sCct85WTuj…5ERS49peZv…5CAP96HiV4…VWM9A1gbZy…rddw11pVCb…iwfTZLyj2J…p8ByGhFaBi…RgAU8jo9za…GjPG2UuwX6…hE2U7ydv81…dRgJ4xj1Qb…fsdA
Organizations
Pump.fun
Exchanges
Binance Exchange 1Bybit Exchange
Tokens
Pump
Protocols
Pump.fun Treasury
Relationships
  • + 115 more

Connected Through

100 shared actors · 2 investigations

Distinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.

Live On-Chain Activity

1 address watched · via Helius
No on-chain activity recorded yet for the addresses linked to this entity. When tracked wallets move funds on Solana, the events will appear here.
Have evidence about pump.fun?

Timeline(15 events)

2024-01-19

pump.fun launches on Solana as a meme token launchpad with a bonding curve mechanism.

2024-05-16

Former employee Jarett Dunn (STACCOverflow) exploits pump.fun via MarginFi flash loans, stealing approximately $1.9 million (12,300 SOL) using a privileged service account key.

2024-05-17

Jarett Dunn is arrested by London Metropolitan Police at the Middle Eight Hotel, Covent Garden. He is charged with alleged theft from employer and released on bail.

2024-08-01

pump.fun removes its 0.02 SOL token creation fee, further lowering barriers to token launches.

2024-12-03

UK Financial Conduct Authority (FCA) publishes official warning that pump.fun is unauthorized to operate in the UK.

2024-12-06

pump.fun updates its terms of service and implements a geoblock to ban UK users, in response to the FCA warning.

2025-01-16

Initial class action lawsuit filed in SDNY over pump.fun's alleged securities violations, anchored to the $PNUT token.

2025-01-30

Second class action complaint filed in SDNY (Aguilar v. Baton Corporation Ltd.), naming Baton Corporation and co-founders Cohen, Kerler, and Tweedale. Cases later consolidated.

2025-02-26

pump.fun's official X account (@pumpdotfun) is hacked; attackers promote a fraudulent 'PUMP' governance token that briefly reaches a $5 million market cap before collapsing. ZachXBT links the breach to prior X account hacks.

2025-02-26

Lazarus Group, following the $1.5 billion Bybit hack, deploys a meme coin (QinShihuang) on pump.fun to launder approximately $26 million in stolen funds. pump.fun later removes the token from its front end.

2025-03-20

pump.fun launches PumpSwap, a proprietary Solana AMM that replaces Raydium as the graduation destination for bonding curve tokens. PumpSwap rapidly becomes the second-largest Solana AMM by volume.

2025-05-07

Solidus Labs publishes report classifying 98.6% of pump.fun tokens as rug pulls or pump-and-dump schemes, based on analysis of over 7 million tokens. pump.fun disputes the findings.

2025-07-22

Amended RICO complaint filed in SDNY, expanding defendants to include Solana Labs, Solana Foundation, Jito Labs, and senior executives. Estimated retail losses cited as $4–5.5 billion.

2025-09-30

Jito Labs, the Jito Foundation, and Jito leadership voluntarily dismissed from the RICO class action.

2025-12-11

Judge Colleen McMahon approves filing of second amended complaint after plaintiffs obtain over 5,000 private messages from Solana Labs and pump.fun engineers.

Provenance & Audit Trail

Decision Log

This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.

model: claude-sonnet

generated: 5/4/2026, 2:54:32 AM

last updated: 5/26/2026, 4:11:12 AM

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