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PUMP lost $700M in market cap as Alon Cohen shut down airdrop rumor

Pump Fun’s PUMP token fell 14% on Wednesday at the same time as the company’s CEO Alon Cohen was being interviewed by Threadguy.

Pump Fun’s token is crashing like a Pump Fun token

PUMP, the token for Pump Fun, has crashed approximately 60% from its peak, falling below its initial coin offering price.

Solana and Jito are now named as defendants in Burwick Law’s lawsuit against Pump Fun which now includes fraud accusations.

Judge Colleen McMahon combined two Pump Fun lawsuits and reduced the potential awarded attorney costs for the legal firms involved.

The Pump Fun lawsuit judge says she “doesn’t understand” why there are two lawsuits and asked for Burwick Law to explain itself.