That could explain why $PUMP has been so weak lately
I want to short it down there anyway at $0.00125 but r/r feels a bit meh
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Three confidential witnesses (CW-1,2,3) might bring down @Pumpfun
CW-1 was an early core member of the pump team and has come forward with damning internal telegram chat logs
CW-2 has handed over a “KOL contract” and indisputable evidence of Pump insiders dumping on all of us
pump’s only argument to dismiss these claims is based in 2016 case law that confidential witness allegations “should be discounted”
they did not deny any of it and i fear this is only the tip of the iceberg
pump has never treated us like part of the team; we were always the product
While CT is debating $PUMP, I spent some time reading the $SUMMER whitepaper.
One detail that caught my attention was the planned reward mechanism tied to platform activity. It adds another layer to the project's overall design.
Looking forward to seeing how these features are implemented as the project progresses.
Good thread on the 5 mil legal role at Pumpfun
Very risky from a career perspective, as I think Pumpfun will eventually lose many claims
1/ Alon just publicly posted a Chief Legal Officer role for Baton Corporation offering $1M to $5M base salary.
This is not routine hiring. The timing, the compensation, and the scope of the role all point to something bigger. Pumpdotfun is facing a major civil RICO class action that is fully briefed, with a ruling on the motions to dismiss expected any day — and that’s only one of the fronts they’re dealing with.
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