Pump.fun Laid off Workers Before They Received Millions in PUMP Tokens: Report
An undisclosed number of Pump.fun employees were reportedly fired in April, just two months before they were due to start receiving allocations of the company’s PUMP tokens.
YayaNews contributes financial news and market context through the YayaNews editorial workflow.
An undisclosed number of Pump.fun employees were reportedly fired in April, just two months before they were due to start receiving allocations of the company’s PUMP tokens.
Pump.fun Laid off Workers Before They Received Millions in PUMP Tokens: Report
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Written by
Turner Wright
staff writer
Reviewed by
Sam Bourgi
staff writer
Written by
Turner Wright
staff writer
Reviewed by
Sam Bourgi
staff writer
Pump.fun laid off workers before they received millions in PUMP tokens: Report
Latest News
Published
Jul 31, 2026
Pump.fun co-founder Noah Tweedale reportedly attributed the layoffs to the company growing too quickly.
Solana-based memecoin launchpad Pump.fun reportedly fired employees two months before they were due to receive PUMP tokens worth millions of dollars.
According to a Friday Sandmark report, at least one Pump.fun worker was due to
receive
PUMP tokens worth in the seven-figure range. The news outlet reported that Pump.fun co-founder Noah Tweedale said the company “grew too quickly,” resulting in layoffs of an undisclosed number of employees.
The employees were reportedly fired in April, just two months before they were due to start receiving the company’s tokens based on agreements signed in 2025. The agreements, according to documents viewed by Sandmark, said that Pump.fun would unlock a quarter of the employees’ allocated tokens in one year, scheduled for June 2026.
Pump.fun has previously
been the target of a lawsuit
involving allegations the company operated a “rigged” machine for investors and another one
regarding its maximal extractable value
(MEV) practices.
At the time of publication, the price of PUMP was $0.002113, a 7.5% increase over the previous 24 hours.
Related:
Pump.fun bounty platform pays users to tattoo tokens and chase viral stunts
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Original YayaNews editorial coverage, published for informational purposes.
This article is sourced from CoinTelegraph. It is for informational purposes only and does not constitute investment advice.
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