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Pump.fun Lawsuit Expands, PUMP Token Drops 39.3% Amid Legal and Market Pressures

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PUMP
$0.001719-0.86%
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SOL
$121.83-0.98%
A federal court has expanded a class-action lawsuit against Pump.fun, PUMP token, Solana Foundation, Jito Labs, and executives. The case, backed by 5,000 whistleblower messages, accuses the group of insider trading and market manipulation, costing retail investors $4–5.5 billion. PUMP has dropped 39.3% since December 9, breaking below the $0.0025 support level. The fear and greed index for meme coins shows extreme pessimism, with further declines likely to test $0.00207 and $0.0023 as key short-term support levels.
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