Pump.fun, a Solana-based memecoin launchpad, reportedly laid off over 40 employees in two rounds timed just before their $PUMP token grants vested, potentially denying them payouts worth up to seven figures. The layoffs occurred in April and July 2026, shortly before the token vesting dates set in June 2025. This move raises concerns about the fairness of token-based compensation and may attract regulatory scrutiny, especially given Pump.fun's past compliance issues and the significant drop in $PUMP token value since its peak. The incident highlights risks in crypto compensation models and governance within successful projects.
On Monday, Starknet's token (STRK) experienced a sharp decline of 20.93%, marking the largest drop among the 89 biggest cryptocurrencies by market cap, excluding stablecoins. This downturn reversed its earlier strong performance when it had surged 61...
Pump.fun (PUMP) token price fell 7.00% within four hours to $0.005206 on October 12, extending its 24-hour decline to 10.76%. The drop occurred on the Binance spot market, with the token moving from $0.005598 to $0.005206. During the same period, lon...
Pump.fun (PUMP) token price rose sharply by 4.31% within one hour to $0.005955, pushing its 24-hour gain to 9.13%. This increase was tracked on Binance’s PUMP/USDT spot market, where the token traded at $0.005709 an hour earlier. During this period, ...
Pump.fun (PUMP) token experienced a 4.36% price drop within one hour, falling to $0.005458 as of 5:23 p.m. ET Sunday. This decline extended its 24-hour loss to 1.75%, with the price dropping from $0.005707 an hour earlier. The token ranks 44th by mar...
Pump.fun's daily revenue, which funds half of its token buyback and burn program, fell 16% from $1.89 million on October 5 to $1.59 million on October 9, causing the token price to drop 16.8% from its weekly high. The buyback program, running until A...
