Gaming platform BC.Game has airdropped 400 million BC tokens to 100,000 wallets on Pump.fun, a Solana-based memecoin launchpad. Some holders on social media are claiming they were “unfairly” excluded from the event.
According to a Tuesday X post from Blockchain analytics platform Lookonchain, BC.Game distributed the tokens to addresses that had completed at least 10 transactions between January 31, 2024, and February 13, 2025.
400M $BC tokens just dropped into 100K wallets on https://t.co/DrKlYnPPqY!
Yesterday, @bcgame, a gaming platform, airdropped 400M $BC tokens to users on https://t.co/DrKlYnPPqY.
The airdrop was available to over 100,000 addresses that completed at least 10 transactions… pic.twitter.com/pnNKhVc8aj
— Lookonchain (@lookonchain) February 18, 2025
The selection was reportedly based on users’ profit or loss rankings during the two-week-long eligibility period. The newly distributed BC tokens are now tradable on BC.Game’s platform and on the Solana-based decentralized exchange Raydium.
However, the airdrop has left some traders frustrated, who claim they met the airdrop’s qualifications criteria but did not receive any tokens.
One investor voiced disappointment on X, stating, “What is concerning is [even] after losing so much on pump.fun, not even eligible for a game drop! jeez.”
Pump.fun’s troubled history
Pump.fun allows users to create and trade memecoins without any programming skills.
According to a Dune Analytics dashboard, the platform quickly grew popular in the crypto community and has over 7.8 million tokens as of February 18. As reported by Cryptopolitan last week, the launchpad accounts for over 50% of all new tokens launched this year.
The project was founded by a pseudonymous developer known as Alon, who initially described it as “the most fun place on the internet.” There’s some truth to that; some tokens have brought smiles to the faces of the crypto community, including one named “lose,” which features a parody of President Trump’s 2016 speech about “winning so much.”
But the dark side of the launchpad is far too sinister to ignore; it is plagued by pump-and-dump schemes and rug pulls, not to mention “inhumane and racist sentiments.” For that matter, Pump.fun is currently facing multiple legal queries.
I have been advising for a year that people not go on pump fun or chase fast money.
No one listened.
Now we have climaxed at even Presidents of countries launching and rugging.
Perhaps now people will rotate back to projects that want to build for the long term.
— Novanoodle (@Novanoodle5165) February 18, 2025
In January 2025, an investor filed a lawsuit in the Southern District of New York, alleging that the platform functioned as an unregistered securities exchange and exposed investors to significant financial risk. The lawsuit specifically cited losses from the memecoin PNUT the squirrel, which were all created and traded on the platform.
Adding more fuel to the flames, US law firm Burwick Law filed a class action lawsuit against Pump.fun, Baton Corporation and its co-founders, seeking financial relief for those who incurred losses from several tokens affiliated with the Solana-based platform. The suit aims to rescind all purchases, provide monetary compensation, and cover litigation costs.
On February 5, Burwick Law issued a cease-and-desist letter to Pump.fun, accusing it of hosting tokens that allegedly impersonated law firms currently suing the platform. In a statement on X, Burwick Law and Wolf Popper demanded the “immediate removal” of Dog Shit Going NoWhere (DOGSHIT2) and other tokens that used their names and logos without permission.
Founder says Launchpad should be “stricter” in launching meme tokens
Pump.fun’s anonymous founder Alon is now calling for tighter regulations on token launchpads following the fallout from the LIBRA memecoin launch.
In a February 18 post on X, he expressed frustration over insider scams and manipulative token launches, arguing that better protections are needed to prevent such incidents.
Alon stated that he was “disgusted” by the LIBRA launch and its impact on the crypto ecosystem. “The people behind this project made substantial personal gains at the expense of many users, the ecosystem, and even an entire country. I hope the people responsible get what they deserve,” he wrote.
Alon defended Pump.fun’s approach by saying that the platform was made to deal with problems that the LIBRA scandal brought to light. He says that the platform lowers the risk of manipulation by making token creation automatic and standard.
He said that even though Pump.fun makes it easier to make meme coins, the risks that come with action after the launch should not be put on the launchpad.
“Users should be able to make their own decisions and take responsibility [instead] of relying on third parties,” he added.
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