Law Firm Suing Pump.fun Launches Its Own Crypto Memecoin

In a twist that could only make sense in the wild world of crypto, Burwick Law, the firm leading a legal crusade against memecoin platform Pump.fun, has stirred up a frenzy by launching its own memecoin dubbed “DOGSHIT2”.

Yes, you read that right—a law firm, in the middle of a high-stakes lawsuit, decided to create a token with a name that’s as absurd as the situation itself. This move was not just a publicity stunt but a calculated effort to expose what Burwick Law claims are Pump.fun’s glaring regulatory failures. The result? A chaotic mix of legal drama and market volatility.

Burwick Law’s lawsuit accuses Pump.fun, operated by Baton Corporation, of enabling pump-and-dump schemes and raking in a staggering $500 million through the sale of what they call “highly volatile unregistered securities.” To prove their point, the law firm used Pump.fun’s own platform to create DOGSHIT2, or as it was officially named, “Dog Shit Going NoWhere”. The process, they claim, took less than 10 minutes and involved no know-your-customer checks, age verification, or even basic terms and conditions. Burwick Law argues this lack of oversight has turned the Solana based memecoin platform into a breeding ground for illicit activities, including terrorist financing and drug trafficking. It’s a damning accusation, and the firm’s unorthodox approach has certainly grabbed the crypto world’s attention.

From Legal Strategy to Market Frenzy

What happened next was nothing short of surreal. Despite its explicit warning label—“Don’t buy this coin”—DOGSHIT2 became a trading sensation. On January 17, the token’s value skyrocketed by an eye-watering 16,956%, soaring from $0.0001344 to $0.0229230, only to crash 98% shortly after. This dramatic rise and fall perfectly illustrated the very market manipulation Burwick Law is fighting against. Yet, the irony wasn’t lost on crypto enthusiasts.

Memecoin influencer @EasyEatsBodega took to X to call out the firm, suggesting they had “dumped their holdings” just like the schemes they’re suing over. He even quipped that investors might be entitled to compensation if they lost money with Burwick Law, a jab that didn’t sit well with the firm. Burwick Law fired back, condemning the comments as “baseless” and “potentially defamatory,” urging a focus on constructive dialogue instead.

The internet, of course, had a field day. Users on X were quick to point out the absurdity of a law firm launching a memecoin to prove a point, only to see it behave exactly like the tokens they’re suing over. Some argued it undermined their case, while others saw it as a stroke of genius that exposed Pump.fun’s flaws. Crypto influencers, whose livelihoods often depend on platforms like Pump Fun, weren’t shy about their disdain for Burwick Law, but the firm took it in stride, claiming the backlash was “the best endorsement we could ask for.” This isn’t the first time Burwick Law has gone after Pump.fun—they’ve already filed lawsuits over tokens like Hailey Welch’s and PNUT, marking this as their third legal battle against the platform.