Pump.fun's class action expansion has been approved, and the PUMP Token has fallen below a key support.

2025-12-21 21:20:09

Abstract generation in progress

The federal court recently ruled to approve an expanded class action lawsuit against the memecoin issuance platform Pump.fun and its ecosystem participants. The lawsuit is based on 5,000 internal communication records disclosed by whistleblowers, accusing them of insider trading and market manipulation. According to the claimants, the total losses suffered by retail traders due to the failure of related memecoin projects range between $4 billion and $5.5 billion.

In terms of token performance, PUMP has been under pressure since mid-December, with a cumulative drop of 39.3%. Against the backdrop of continuous selling pressure in the market, the token price has fallen below the key support level of $0.0025. From a technical perspective, $0.00207 and $0.0023 have become potential short-term resistance ranges, and future trends need to closely monitor the performance of these two price levels.

PUMP-4.01%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

18 Likes

Reward
18
9
Repost
Share

Comment

0/400

FortuneTeller42

· 1h ago

Another major case has fallen, this time with a hole of over 5 billion... Retail investors are really going to be crying in the bathroom this time.

View OriginalReply0

DegenWhisperer

· 10h ago

The lawsuit is here... This pump is really doomed now, retail investors will have to cut losses again.

View OriginalReply0

ClassicDumpster

· 17h ago

Haha, pump.fun is really disappointing now, 5000 chat records directly hammering it down, this is the reality of web3. It's insider trading and market manipulation again, retail investors are being played people for suckers, over 4 billion is gone... Can't even hold 0.0025, the technicals look terrible, have you seen 0.00207...

View OriginalReply0

ImpermanentTherapist

· 12-21 21:49

4 to 5.5 billion dollars, is it true? How many people must have suffered because of this... No wonder the pump is so bad.

View OriginalReply0

potentially_notable

· 12-21 21:45

Another big show is coming... Pump.fun is facing a pile of lawsuits, the coin price is falling all over the place, and retail suckers are about to play people for suckers again? Laughing to death, insider trading losses of 4 to 5.5 billion dollars, how ridiculous is that?

View OriginalReply0

ChainChef

· 12-21 21:39

bruh this recipe just went from michelin-star to burnt toast real quick... 5000 internal messages? that's a lot of spoiled ingredients in the kitchen lol. 40-55B in losses tho, yikes—someone definitely oversalted this one

Reply0

CryptoCrazyGF

· 12-21 21:38

Oh my, Pump.fun really pumped, a loss of 4 to 5.5 billion dollars... How many retail investors did this trap?

View OriginalReply0

ColdWalletAnxiety

· 12-21 21:23

Damn, it's another issue with pump.fun... I've said for a long time that this platform is too deep. How can we play now that we've been directly sued? A hole of 4-5.5 billion dollars can't be filled.

View OriginalReply0

OnchainArchaeologist

· 12-21 21:23

Another big show... 5000 internal communication records hit hard, a hole of 4 to 5.5 billion dollars, how many people must be caught in the crossfire? The PUMP fall of 39.3% is already considered generous, I think it’s time to clear the field.

View OriginalReply0

Trending TopicsView More
#2025GateYearEndSummary
73.9K Popularity
#CryptoMarketMildlyRebounds
31.26K Popularity
#GateChristmasVibes
14.79K Popularity
#SantaRallyBegins
4.77K Popularity
#CreatorETFs
3.35K Popularity

Hot Gate FunView More

1
rowrow
MC:$3.5KHolders:1
0.00%
2
SIBSanta's Inevitable Bag
MC:$3.53KHolders:1
0.21%
3
VPNVirtual Private Network
MC:$4.5KHolders:44
4.80%
4
王小雨王小雨
MC:$3.51KHolders:1
0.00%
5
我好想你我好想你
MC:$3.51KHolders:1
0.00%

Sitemap