When Pump.fun Got Pumped: The Hilarious Hack That Left Everyone Scratching Their Heads

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So, this morning, Pump.fun’s X account—formerly known as Twitter, but let’s be honest, it’s still just a digital dumpster fire—was hacked. And what did the hackers do? They decided to promote a fake governance token. Because, you know, why not? One wallet managed to rake in over $135,000 in a single minute, which is impressive until you realize it’s all based on a meme coin. 🙄

The platform, in a move that can only be described as “too little, too late,” denied any plans to launch its own token. But did that stop the enthusiasts? Of course not! They jumped at the chance to be scammed like it was Black Friday at a discount store. In this wild west of cryptocurrency, it’s crucial to keep your wits about you—if you can find them. 🤷‍♂️

Hackers Promote Fake Pump.fun Token

Pump.fun, the meme coin launchpad that’s as popular as a cat video, has been adamant about not launching its own token. Yet, its users are so eager to believe in fairy tales that many fell for this scam faster than you can say “FOMO.”

This morning, the hackers took over Pump.fun’s X account, claiming a new investment opportunity was available. And what was it? A shiny new token called PUMP, the official governance token of Pump.fun, where democracy has never been this degen. They even promised to reward their “OG degens.” Because nothing says legitimacy like a term that sounds like it belongs in a frat house. 🍻

“Introducing PUMP, the official Pump.fun governance token, where democracy has never been this degen. We will also be rewarding our OG degens,” the fake post read. It also included a link with purchasing information. Because who doesn’t want to click on a link from a stranger on the internet?

it wasn’t. 😬

Bubblemaps, which sounds like a fun game but is actually a crypto analysis tool, noted that the fake PUMP tokens were heavily bundled, with two clusters holding over 60% of the supply. Yet, some traders managed to capitalize on the hack. One user spent $5,532 in SOL to buy the fake token and then offloaded the entire supply at a higher price one minute later. This netted the user over $135,000 in profits. Talk about a quick buck! 💸

Hackers Are Increasingly Targeting Social Media

This Pump.fun social media hack is hardly an isolated incident. It’s becoming as common as bad coffee in a corporate office. Just last week, Myanmar’s head of state was hacked, along with former leaders from Brazil and Malaysia. Apparently, if you have a high-profile account, you’re just a target waiting to be hit. 🎯

Today’s incident is part of a broader trend. Hackers are seemingly targeting high-profile social media accounts to quickly shill and rug pull fake tokens. It’s like a digital game of whack-a-mole, but the moles are all trying to steal your money.

At the time of reporting, the account still looked compromised. The hackers had seemingly deleted the original post and were now promoting a ‘hackeddotfun’ token. Because if you’re going to scam people, you might as well do it with style, right? 😏

Meme coin traders should remain very cautious. Recent reports suggest that most Pump.fun users already lose money in general trading. So, hacks like these make the environment even more treacherous. If a project seems too good to be true, it very well might be. Just like that diet soda that promises to taste like the real thing. 🍭

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2025-02-26 19:56