Pump.fun Faces Class Action Over Alleged Securities Law Breaches

Plaintiff Diego Aguilar alleges financial losses from meme coins FWOG, FRED, and GRIFFAIN, promoted with promises of exponential returns. Solana-based meme coin creation platform Pump.fun has been hit with a proposed class-action lawsuit accusing it of violating U.S. securities laws. The suit, filed on January 30, alleges that every token...

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