The company expanded rapidly, growing from a handful of staff to nearly 100 earlier this year amid strong revenue generation. Critically, the timing left many just two months short of the first vesting milestone for their PUMP tokens. PUMP has traded near $0.002, roughly 77 to 79 percent below its September 2025 high near $0.0089. Former staff members allege that Baton Corporation Ltd., the UK-registered entity behind Pump.fun, conducted further layoffs in mid-July. These developments have highlighted broader questions in the crypto sector about how token incentive structures interact with employment terminations.