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In a recent lawsuit filed by Burwick Law against pump.fun, the main plaintiff was proven to have lost $231 in PNUT transactions. However, tracking the trader's address showed that he had lost a total of $49,535 in other transactions on pump.fun, indicating that he continued to use the site after filing the lawsuit. It is understood that pump.fun is led by 21-year-old CEO Noah Bernhard Hugo Tweedale. He co-founded the platform with 21-year-old CTO Dylan Kerler and 23-year-old pseudonymous COO Alon Cohen. The lawsuit lists these three individuals and Baton Corporation, operator of pump.fun as defendants. According to online documents, Baton Corporation was established in March 2023 and its office is located in a business park in Bury St Edmunds. The lawsuit represents a group of PNUT purchasers but despite this, Kendall Carnahan who leads the litigation is the only named plaintiff in this case. The suit also alleges that pump.fun sold and provided PNUT as unregistered securities but emphasizes there are no allegations of fraudulent intent against Baton Corporation. It seeks trial by jury and asks for an economic amount for plaintiffs which will be determined during trial.

According to ai_9684xtpa monitoring, the "LINK band profit of 1.65 million USD whale" is suspected to have reduced its holdings by 100,000 LINK (2.51 million USD) half an hour ago, and if sold will make a profit of 946,000 USD. This whale built up a position of 200,000 LINK seven months ago at an average price of 15.62 USD per LINK; this is the first recharge operation in over half a year since holding the position and currently still holds 500,000 LINK worth approximately 12.86 million USD.