Burwick Law, a U.S. crypto law firm, is preparing to launch legal action on behalf of investors who experienced losses tied to the memecoin launchpad Pump.fun. The announcement follows months of consultations with individuals claiming significant financial losses due to memecoins and fraudulent activities associated with Pump.fun. Notably, only 0.4% of the 14 million wallets connected to Pump.fun have realized profits exceeding $10,000, suggesting that potentially millions may be affected. The firm criticized the platform for allowing the display of illicit and harmful acts while collecting substantial fees. Burwick Law stated they aim to protect everyday investors from exploitation and join investigations for class-action lawsuits. Additionally, they are involved in a separate case concerning the Moonbirds and Proof Collective NFTs, which allegedly misled investors regarding the benefits of these assets.

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