Law firm that sued Pump fun is being linked to a $23M ‘DOGSHIT2’ coin

Putting aside the idea of people who do pump funning calling themselves 'investors' - gotta say, it would actually be kinda funny if Dogshit2 ended up taking off.

A memecoin believed to have been launched by a law firm to help it build a class-action lawsuit against Solana memecoin creator Pump fun recently has gained attention in the community, hitting a $23 million market capitalization.

Pump fun was hit with a proposed class-action suit on Jan. 30 by investors alleging every token it helped make is an unregistered security from which it made nearly $500 million in fees. The lawsuit was filed by US law firms Burwick Law and Wolf Popper on behalf of the investors.

However, observers within the crypto community quickly noticed the address shown in Exhibit C of the court documents — used to show how easy and quick it is to create a coin — matches the wallet address behind Dog Shit Going NoWhere (DOGSHIT2), leading many to believe the law firms are behind the token.

The listing shows it was launched in November and comes with a warning, “Don’t buy this coin.”

Data from Gecko Terminal shows the memecoin has spiked in value since Jan. 31 after the proposed lawsuit was filed as observers made the connection.

At its peak on Jan. 31, the DOGSHIT2 market cap exceeded $23 million, according to data on Pump fun. It has since fallen back down to approximately $2.4 million.