Pump.fun cut staff weeks before PUMP tokens vested: Report

Pump.fun reportedly dismissed employees shortly before their PUMP token grants were scheduled to vest, leaving at least one former worker without an allocation now valued at seven figures. Summary Employees were reportedly dismissed weeks before 25% of their PUMP grants vested. One former employee allegedly lost a token allocation now worth seven figures. Separate claims said 40 workers were cut one day before another vesting date. PUMP trades near $0.002, about 77% below its September 2025 peak. Pump.fun layoffs preceded employee token vesting Pump.fun reduced its workforce in late March and early April after rapidly expanding its operations, according to an investigation by Sandmark. Documents, emails, and internal recordings reviewed by the publication showed that some employees lost their jobs shortly before their PUMP allocations were due to begin vesting. At least one former employee allegedly forfeited tokens now worth seven figures. Workers had reportedly signed token grant agreements in June 2025. Under those arrangements, the first 25% of their allocations would vest after one year, followed by additional releases over time. Sandmark obtained a termination email showing t...