pump.fun

19 January 2024

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

16 May 2024

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.

17 May 2024

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.

August 2024

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

3 December 2024

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

6 December 2024

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

16 January 2025

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

30 January 2025

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.

26 February 2025

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.

26 February 2025

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.

20 March 2025

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.

7 May 2025

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.

22 July 2025

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.

30 September 2025

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

11 December 2025

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