The co -founder of the Pump.fun platform Alon Coin said that Airrop would not take place in the near future. Against this background, the PUMP price fell by 18.7%.
Allon Talks ABOUT POTENTIALLY Acquiring More Companies/Products Like Kolscan,
Potentially Hinting to Acquiring Launch on Pump pic.twitter.com/elrvxij8Sc
– ً (@0xsySte) July 23, 2025
At the time of writing, the market value of the “funny coin” is $ 0.003, according to Coingecko. During the week, the PUMP course decreased by 42.4%.
Problems of the “Factory of Mem-Tolecen”
Burwick Law law filed a collective lawsuit against PUMP.FUN. The defendants are also SOLANA LABS, SOLANA Foundation, Jito Labs and Jito Foundation. The plaintiffs accuse them of organizing an illegal gambling business.
Pump.fun was compared with a “slot machine” for mass release and promotion of tokens. The platform was accused of work without disclosing information and protecting investors.
The plaintiffs argue that PUMP.Fun allowed anonymously launching and trading tokens without personality testing. In their opinion, the “Factory of Mem-Tolecen” created an environment with pre-meaningless conditions. This was achieved due to pricing based on binding curves and priority trade for insiders and bots.
The charges are made on the basis of the law on the fight against organized crime and corruption. The defendants are accused of fraud, false advertising, an offer of unregistered securities and deceitful practices. Damage to users is estimated at $ 4–5.5 billion based on onchain-data.
Lawyers emphasized that Solana and Jito were not neutral infrastructure suppliers. Jito is accused of promoting frontraning with MEV tools, and Solana Labs and Foundation -in monetizing users activity through a commission for a place in the block.
How are the competitor
At the same time, the competitor to PUMP.Fun, the launchpad for LetsBonk memes, announced the program to support tokens of his ecosystem.
Gotta Bonk Them All ❗️❗️❗️
Starting Today, 1% of Bonkfun’s Total Revenue Will BE Reassigned from OUR Marketing Fund Buying The Top Pairs Within the Bonk Eco pic.twitter.com/laubh89lzl
– LetsBonk.fun (@Bonk_Fun) July 23, 2025
The team will direct 1% of their revenues for ransom coins in the most successful trade pairs on the site. Funds for this will be redistributed from the project marketing fund.
According to Dune, over the past 24 hours, LetsBonk has earned about $ 1.4 million in the form of commissions.
According to the founder of Tom Letsbonk, ransom will take place weekly.
Any pair that has reached “high rates” will be able to get into the program.
The total capitalization of tokens launched on letsBonk has already exceeded $ 1 billion. The largest ecosystem is Useless Coin, followed by Ani.
Recall, on July 12, PUMP Presiel passed, which ended in 12 minutes, collecting 500 million. However, a few days later it became known that almost 60% of the ICO participants sold or transferred assets to centralized exchanges and other wallets.
On July 22, PUMP’s course dropped below the cost of ICO. From the maximum values of about $ 0.0068, Token sank by 45%.
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Source: Cryptocurrency
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