NOW: Lawsuit filed against pumpfun on behalf of…. $PNUT purchasers?
“This is a federal securities action on behalf of a Class of all purchasers of PNUT Tokens alleging claims against the Defendants who own and operate the website Pump.Fun”
“Pump.Fun knowingly facilitates and promotes the creation and trading of tokens that exploit hate speech, violence, and exploitation to generate attention and trading volume.”
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“This is a federal securities action on behalf of a Class of all purchasers of PNUT Tokens alleging claims against the Defendants who own and operate the website Pump.Fun”
“Pump.Fun knowingly facilitates and promotes the creation and trading of tokens that exploit hate speech, violence, and exploitation to generate attention and trading volume.”
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DoomPosting
NOW: Lawsuit filed against pumpfun on behalf of…. $PNUT purchasers? “This is a federal securities action on behalf of a Class of all purchasers of PNUT Tokens alleging claims against the Defendants who own and operate the website Pump.Fun” “Pump.Fun knowingly…
Yeah, bunch of blatant lies about $PNUT in this lawsuit
“This rapid value appreciation was driven by the Defendants' sophisticated marketing campaign combining promises of exponential returns, luxury lifestyle imagery, and coordinated social media promotion.”
— As if Pumpfun did any marketing for PNUT. Fat chance. Both Pumpfun and Dexscreener were so terrible at promoting it — that I had to dig through pages of junk results just to find the PNUT coin originally. PNUT thrived in spite of all of these platforms’ practically burying it.
“The PNUT Token lacks any practical utility beyond speculative trading, with all marketing materials focusing exclusively on potential investment returns and price appreciation.”
— Practical utility? Practical utility was the Peanut movement sealing the deal on crushing the commies in the election. Huge utility for me.
“A common enterprise exists through the horizontal commonality of investor fortunes tied to the PNUT Token's market performance and vertical commonality through dependence on Defendants' ongoing promotional efforts. The success of each investor's stake relies entirely on the Defendants' ability to maintain market interest and drive trading volume through coordinated marketing and exchange listings.”
— Pure BS. Pumpfun deserves ~0% of the credit for promotion of $PNUT
Pure absurdity. Bizarre choice.
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“This rapid value appreciation was driven by the Defendants' sophisticated marketing campaign combining promises of exponential returns, luxury lifestyle imagery, and coordinated social media promotion.”
— As if Pumpfun did any marketing for PNUT. Fat chance. Both Pumpfun and Dexscreener were so terrible at promoting it — that I had to dig through pages of junk results just to find the PNUT coin originally. PNUT thrived in spite of all of these platforms’ practically burying it.
“The PNUT Token lacks any practical utility beyond speculative trading, with all marketing materials focusing exclusively on potential investment returns and price appreciation.”
— Practical utility? Practical utility was the Peanut movement sealing the deal on crushing the commies in the election. Huge utility for me.
“A common enterprise exists through the horizontal commonality of investor fortunes tied to the PNUT Token's market performance and vertical commonality through dependence on Defendants' ongoing promotional efforts. The success of each investor's stake relies entirely on the Defendants' ability to maintain market interest and drive trading volume through coordinated marketing and exchange listings.”
— Pure BS. Pumpfun deserves ~0% of the credit for promotion of $PNUT
Pure absurdity. Bizarre choice.
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DoomPosting
Yeah, bunch of blatant lies about $PNUT in this lawsuit “This rapid value appreciation was driven by the Defendants' sophisticated marketing campaign combining promises of exponential returns, luxury lifestyle imagery, and coordinated social media promotion.”…
Wait, so this Kendall Carnahan guy bought $PNUT on Nov 4th & 5th, when it was around $40M
= at more than 10x cheaper than it is today?
So they’re suing on behalf of someone who won massively?
Wait, is this whole class action lawsuit a 4D chess move by Pumpfun’s VCs,
bringing a case which is so terrible that they know Pumpfun will win — as a way to protect Pumpfun from similar future cases?
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= at more than 10x cheaper than it is today?
So they’re suing on behalf of someone who won massively?
Wait, is this whole class action lawsuit a 4D chess move by Pumpfun’s VCs,
bringing a case which is so terrible that they know Pumpfun will win — as a way to protect Pumpfun from similar future cases?
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TikTok ban looking far more serious than people assumed
Nothing ever happens bros in shambles
TikTok is cooked
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Nothing ever happens bros in shambles
TikTok is cooked
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