Proposed Class Action Lawsuit Targets Pump.fun for Alleged Securities Violations
Pump.fun faces legal action, claiming $500 million in fees generated from facilitating the creation of memecoins.
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Pump.fun faces legal action, claiming $500 million in fees generated from facilitating the creation of memecoins.
A crypto trader called 'MNhB' generated over $840,000 through the creation of numerous Solana meme coins on the platform Pump.fun in a short span of three months.
Pump.Fun, a Solana token issuer, approaches 1 million SOL in lifetime fees, driven by a surge in active addresses and newly created wallets.
The co-founder of Pump.fun explained recent movements of USDC, stating they were part of normal treasury management rather than a cashout.
The co-founder of Pump.fun denies claims of a significant cash-out, explaining that recent fund transfers relate to treasury operations.
Pump.fun has withdrawn over $436 million in stablecoins following a significant decline in its revenue and market activity for memecoins.
Pump.fun has acquired the Padre trading terminal to bolster liquidity as the Solana memecoin market experiences a downturn from its 2024 peaks.

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