Specialists from Sandmark gained access to Pump.fun's documents and records and discovered that the company laid off over 40 employees because it was "growing too fast." This is how one of the platform's co-founders, Noah Tweedale, explained the mass layoffs that occurred back in the spring to his former subordinates.
According to available information, the employees were dismissed in April, just two months before they were supposed to receive $PUMP tokens in accordance with agreements signed in mid-June 2025. According to those documents, Pump.fun will unlock a quarter of the tokens allocated to employees over the course of a year, i.e., by June 2026.
As a result, the laid-off employees received severance pay depending on their tenure at the company, but their unvested shares in $PUMP were canceled. Because of this, according to Sandmark, one of the platform's former employees lost a seven-figure sum in dollars. And this is despite the fact that the token is currently trading about 79% cheaper compared to its 2025 peak.
Over the year, the price of $PUMP has fallen by 26%, but at the time of writing, the memecoin was trading at $0.002188, having increased in price by almost 8% over the past 24 hours and by 21% over the week.
Earlier, the Happy Coin News editorial team reported that, thanks to the launch of the BOOST mechanism, the percentage of memecoin launches on Pump.fun increased almost eightfold.
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