User Protests Pumpfun Founder's Home Demanding Airdrop
A user live-streamed a protest outside the alleged residence of Pumpfun founder Alon, demanding an airdrop, following reports of Alon's unfulfilled promise and the removal of a token from Pumpfun and Dexscreener after it reached a $2 million market capitalization.
The leaked home address led to the creation of several meme tokens. One, $46TONGDEAN, achieved a market capitalization exceeding $1 million before its ticker was banned from Dexscreener. Other tokens, including $ALONHOUSE and $COHENCOIN, also emerged after the doxxing and faced removal or data blacklisting from platforms like Solscan and Dexscreener. DexScreener and PumpFun are attempting to blacklist or hide the $ALON token (contract address: Cu35wVPEr6evXDxMtibrZotRbGEb1QXjxzwQTNfRpump), with Alon reportedly able to remove tokens from DexScreener and Phantom.
The $ALON token, related to the incident, recorded a price of $0.001304, experiencing a 2.4% decrease over 24 hours and an 11.2% decrease over seven days. Its mindshare registered a change of 0.2%.
WLFI Freezes Justin Sun's $75M, Legal Battle Erupts
World Liberty Financial ($WLFI), a Trump-backed DeFi project, has frozen a $75 million investment from Justin Sun, its largest outside backer, escalating into a public dispute and legal confrontation. TRON founder Justin Sun alleges $WLFI embedded hidden "backdoor" functions to restrict or confiscate investor funds, citing the blacklisting and freezing of his $WLFI wallet in September 2023. Sun claims to be the largest victim, stating his frozen $WLFI tokens, initially an $80 million investment and once valued at $700 million, are now worth $45 million and remain inaccessible. His total exposure in the Trump crypto ecosystem was $175 million, including $100 million in the $TRUMP memecoin. Sun further accused the $WLFI team of treating "the crypto community as a personal ATM," demanding public disclosure of identities controlling the smart contract's guardian EOA and multisig.
$WLFI vehemently denied Sun's accusations, confirming legal action over his public claims, stating, "See you in court pal," and asserting possession of counter-evidence.
The ongoing dispute led to $WLFI's price dropping over 80% from its highs and a 70% year-to-date decline. Platform data shows $WLFI trading at $0.080074, with a 7-day change of -20.1% and a 1.1% increase in the last 24 hours. The event increased $WLFI mindshare by 1.4% and generated bearish sentiment around the token, with sentiment dropping to 35% bullish. The related $TRUMP token dropped 91% from its peak, while Justin Sun's associated token, $JST, saw a 10% price increase in a single day, reaching $0.077.
Polkadot Hyperbridge Exploit Mints 1 Billion $DOT, Drains $237K
The Polkadot ecosystem experienced an exploit targeting its Hyperbridge gateway on Ethereum, resulting in the unauthorized minting of 1 billion wrapped $DOT tokens. The incident occurred around 03:55 UTC when an attacker exploited a proof-validation vulnerability (an index-handling flaw in the Merkle Mountain) to forge cross-chain verification proofs, gaining administrative control over the bridged $DOT ERC-20 token contract on Ethereum.
These fabricated tokens were sold in a single transaction through Uniswap V4 and Odos Router, yielding 108.2 $ETH (approximately $237,000). The exploit specifically affected the Hyperbridge, which connects $DOT to Ethereum, and did not compromise Polkadot's core protocol or native blockchain.
In the immediate aftermath, $DOT's price dropped by 5% within five minutes, leading to a $20 million reduction in market capitalization. Additionally, $728,000 worth of $DOT long positions were liquidated. Overall, $DOT saw a 24-hour price decrease of 3.3% and a 7-day decrease of 7.8%, with its price reaching $1.190000.