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Jul 31, 2026

Pump.fun reportedly fires staff before token vesting, cutting employees from potential seven-figure payouts

Solana memecoin platform Pump.fun terminated over 40 employees approximately two months before their PUMP token allocations were scheduled to vest, according to a Sandmark report, leaving at least one former employee without access to tokens potentially worth millions.

Jul 31, 2026·4 sources
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Top claims

  • ▪The company's staff grew from three to nearly 100 employees in 2026 before the layoffs
  • ▪Baton Corporation's financial accounts for the period ending September 30, 2025, were overdue by one month as of July 2026
  • ▪For one employee, the forfeited token allocation was valued at over $1 million at the time of the report

Topics

Token launchesTokenomicsMeme coinsSolana ecosystem