How Pump.fun’s Wild Ride Turned Into a Comedy of Legal Errors and Falling Tokens!

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Ah, PUMP—alias the “Yard Sale” of meme coins—took a nosedive of 20%, which is an elegant way of saying it went *splat* after Pump.fun’s big boss lady or gent (nobody’s quite sure who’s in charge) announced, “No airdrops just yet, folks,” while the legal sharks circled hungrily. 🦈

And oh, what a spectacle! The little coin that could—until it couldn’t—plummeted faster than you can say “Sucker’s Rally.” Images of traders clutching their wallets and sobbing into their keyboards flash vividly. 🖥️😭

The Great Hope and the Bigger Mope

Once hailed as the shiny new thing, PUMP was riding high at $0.0068—like a kite in a hurricane—before the winds changed. Now, it’s been knocked back down over 52%, landing at a chilly $0.0032, which is basically pocket change, unless you’re counting pennies in your sofa.

The charming co-founder—Alon Cohen, or maybe Alon the Pretend—declared with all the seriousness of a banker in a movie: “We still plan to do an airdrop,” but don’t hold your breath; it’s not happening anytime soon. Apparently, they’re busy “focusing on growth,” which is code for “we’re hoping no one notices we’re trying to keep this boat afloat.” 🚤💨

The Alon Interview. 1PM PST.

— threadguy (@notthreadguy) July 23, 2025

Somewhere in the background, traders are rubbing their hands together, whispering, “Maybe next week,” while the price wobbles like a teetering tower of Jenga blocks.

The Law Comes Knocking (And Not With Cookies)

Meanwhile, our legal friends, Burwick Law and Wolf Popper, have decided to join the party, filing a lawsuit that involves everyone from Solana’s brainiacs—Anatoly and Raj—to Jito Labs. It’s beginning to look less like a crypto project and more like a courtroom drama. 🎬👩‍⚖️

The allegations? A big, messy scam involving violations of U.S. law, securities rules, and maybe even some sneaky money laundering pretending to be “hard work.” Reports state that Solana top dogs and Jito’s top brass are accused of acting like puppet masters, pulling strings behind the scenes of Pump.fun’s “supposedly decentralized” chaos.

And users? Well, they’re left scratching their heads, wondering if they’re gambling at a casino or just blindly trusting a circus act. The complaint even says that Pump.fun—run by some UK-registered outfit—doesn’t seem too worried about watching the door or the security cameras, which is about as comforting as a porcupine in your bed.

So, buckle up, folks—this isn’t just a dip. It’s the beginning of a comedy, a tragedy, and a legal soap opera all rolled into one. And somewhere, someone’s still holding onto hope—or maybe just their screen. 😂

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2025-07-24 09:20