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Pump.fun Exposed for Layoffs Before PUMP Token Unlock, Some Former Employees Miss Out on Substantial PUMP Allocation

Source: www.sandmark.com
According to Sandmark, Pump.fun is alleged to have conducted two rounds of layoffs prior to token unlocking. Documents and recordings show that the first round of layoffs occurred in early April, prior to the token unlocking time originally scheduled to begin in June for relevant employees, meaning at least one former employee may have thereby lost PUMP token allocations worth up to seven figures in USD at current prices. Co-founder Noah Tweedale stated in an internal meeting that the reason for the layoffs was that the company "expanded too fast".

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