Pump.fun staff missed seven-figure PUMP allocations

• Pump.fun reportedly dismissed employees in April, about two months before 25% of their PUMP token allocations were due to vest.
• At least one former worker reportedly lost an allocation worth seven figures, while PUMP traded at US$0.002113 when Cointelegraph published.
• Pump.fun co-founder Noah Tweedale reportedly attributed the workforce reductions to the company expanding too quickly.

Pump.fun (CRYPTO) reportedly dismissed employees in April, two months before their first 25% token allocations were scheduled to vest in June 2026.

The affected workers had reportedly signed agreements in June 2025 providing a one-year cliff before the first quarter of their PUMP allocations vested.

At least one former employee reportedly forfeited an unvested PUMP allocation valued in the seven-figure range after their employment ended.

Affected workers received severance based on their employment duration, while their unvested PUMP allocations were reportedly cancelled following termination.

Following the report, PUMP was trading at US$0.002113, up 7.5% over the previous 24 hours at Cointelegraph's publication time.

Separate former-worker allegations claimed about 40 employees were later dismissed before another vesting event, but Sandmark could not independently verify that claim.

Pump.fun has also implemented PUMP buybacks and burns, with its website stating that 50% of platform revenue is targeted towards the programme.