Lawsuit Names Solana and Jito Execs in Pump.fun Fraud Case

Lawsuit Names Solana and Jito Execs in Pump.fun Fraud Case

Law firms Burwick Law and Wolf Popper have named executives from Solana and Jito Labs in an expanded lawsuit against the memecoin platform Pump.fun. The lawsuit, filed under the Racketeer Influenced and Corrupt Organizations Act (RICO), accuses these defendants of involvement in illegal gambling, wire fraud, intellectual property theft, unlicensed money transmission, securities fraud, and other violations. The executives named in the complaint i…

Pump.fun, Solana Entities Hit With RICO Lawsuit Alleging $5.5B Meme Coin Scheme - Crypto News Flash

The complaint, citing $4–$5.5 billion in user losses, includes RICO charges against the Solana-based Pump.fun platform, and names over a dozen defendants. After briefly rallying 16% post-ICO, PUMP has plunged over 50%, now trading below $0.0030. On Wednesday, July 23, Burwick Law filed a lawsuit characterizing Pump.fun as a “front-facing slot machine cabinet” designed to rapidly create and promote tokens without any investor disclosures or safeg…

PUMP Flops Hard: Pump.fun’s Token Crashes 23% Below ICO Price - Invest In Crypto News

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PUMP Flops Hard: Pump.fun’s Token Crashes 23% Below ICO Price - Coin Surges

Meme coin launchpad Pump.fun’s token PUMP is tanking—and doing the exact opposite of what its name promises. PUMP Dumps Fast—Social Media Explodes With Reactions The coin debuted at $0.004 in its initial coin offering (ICO), but it’s now trading at $0.003046. That leaves ICO participants staring at a 23.85% loss. Roughly 20% of that drop […] Read Entire Article The post PUMP Flops Hard: Pump.fun’s Token Crashes 23% Below ICO Price appeared first…

PUMP Flops Hard: Pump.fun’s Token Crashes 23% Below ICO Price – Markets and Prices Bitcoin News

Meme coin launchpad Pump.fun’s token PUMP is tanking—and doing the exact opposite of what its name promises. PUMP Dumps Fast—Social Media Explodes With Reactions The coin debuted at $0.004 in its initial coin offering (ICO), but it’s now trading at $0.003046. That leaves ICO participants staring at a 23.85% loss. Roughly 20% of that drop […]

PUMP Token Crashes 12% as Airdrop Delayed

In only one day, the price of the PUMP token fell by 12%. The much anticipated airdrop will not be occurring anytime soon, according to Pump.fun’s founders. After Pump.fun co-founder Alon Cohen said that an airdrop is still in the works, but it won’t be happening anytime soon, the price of PUMP dropped 12% and fell below its original ICO threshold. Investor sentiment turns negative amid sudden airdrop postponement After reaching a post-ICO high …