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PUMP Token Falls 39.3% Amid Pump.fun Lawsuit and Legal Troubles

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PUMP
$0.0017651.32%
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SOL
$122.58-0.6%
Pump.fun [PUMP] faces a class-action lawsuit involving the Solana Foundation and Jito Labs, with a whistleblower leaking 5,000 internal chats. The case accuses the platform of insider trading and causing $4B–$5.5B in losses. Since December 9, PUMP has fallen 39.3% to $0.00196, breaking the $0.0025 support level. Fear and greed index readings remain bearish, with CMF and MFI indicators pointing to further declines. Key resistance levels at $0.00207 and $0.0023 could determine the next price direction.
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