Pump.fun Faces Lawsuit Alleging All Memecoins Are Securities

A planned class-action complaint against Pump.fun, a Solana-based memecoin platform, alleges that all tokens issued on the platform are unregistered securities, resulting in fees of around $500 million. Claims of Market Manipulation and Securities Violations Diego Aguilar filed the case on January 30 in a federal court in New York, alleging that Pump.fun and its...

Coinatory