Lordofcrypto

$PUMP Faces Legal Overhang as Trader Activity Collapses.

A US federal judge approved a request to amend an existing lawsuit alleging that executives at Solana Labs and $PUMP orchestrated what plaintiffs describe as a “rigged slot machine” favoring insiders in the memecoin market.

📈While legal outcomes remain uncertain, the lawsuit introduces a meaningful overhang for a platform whose value proposition depends heavily on trust and mass participation.📈

Market data suggests that confidence erosion predates the legal escalation. $PUMP is down nearly 80% from its September all-time high of 0.00894, now trading around 0.00203, and has fallen more than 55% since the start of November.