Pump.fun $2.5M Competition Riddled With Rule Violations
Pump.fun's own promoted squad leading the $2.5M competition has 7 of 20 members breaking the 5% wallet holding rule, while top leaderboard players held multi-million dollar positions before the contest began, undermining the competition's legitimacy.
What we know
An account on X RTs an investigation showing DABAL — pump.fun's own promoted squad currently ranked #1 — had 7 of 20 members hold more than the 5% cap on a single coin, violating the competition's core rule. Separately, another account on X RTs criticism that the top-5 players had pre-existing multi-million dollar positions, making it a wealth display rather than a skill contest. PnL correction is also being disputed: Another account on X RTs a complaint that $FPUMP was proven non-bundled 14+ hours ago and PnL vanished exactly when a squad hit the leaderboard. The entire contest has eroded trust in pump.fun's fairness.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.