Pump.fun, a platform that creates memecoins on the Solana blockchain, has received a cease and desist letter from U.S. law firms Burwick Law and Wolf Popper. Dated February 5, the letter demands the immediate removal of certain tokens, including Dog Shit Going NoWhere (DOGSHIT2), which allegedly infringe on the firms’ intellectual property by using their logos and names without authorization.
Burwick Law stated that since filing a class action lawsuit against Pump.fun last week, the platform has launched more than 200 tokens that misappropriate the intellectual property of both law firms. These tokens reportedly feature the firms’ logos and names, as well as those of Burwick Law employees and a client involved in the ongoing legal case.
The law firms argue that Pump.fun has the ability to remove these tokens but has failed to do so, exposing the public to potential financial and legal risks. The cease and desist letter also accuses the platform of launching tokens in a way that could intimidate plaintiffs and disrupt the legal process, particularly through the creation of memecoins that parody the plaintiffs.
Max Burwick, managing partner at Burwick Law, denied claims that the firm had any involvement in creating the DOGSHIT2 token, which some speculated was made to support their case. Burwick explained that the token was merely a “memory on the server” until Pump.fun deployed it on the blockchain after a first buyer made a purchase.
Burwick Law and Wolf Popper filed a proposed class-action lawsuit on January 30 on behalf of investors, accusing Pump.fun of generating nearly $500 million in fees from creating what they argue are unregistered securities. The lawsuit, filed by Diego Aguilar in a New York federal court, claims that Pump.fun, operated by the UK-based Baton Corporation, engaged in aggressive marketing tactics that led to substantial losses for retail investors.
The legal action further accuses Pump.fun of violating the Securities Act, seeking various forms of relief including the rescission of all token purchases, monetary damages for affected investors, and coverage of litigation costs. Pump.fun saw a spike in activity last week, reaching a record $3.3 billion in weekly trading volume, which coincided with the release of Trump family-themed memecoins.
