Pump.fun, a leading Memecoin launch platform, is located in a new legal storm center where a collective lawsuit is accused of violating US Securities Laws.
The case, which was presented in the southern province in New York, claims that all the symbols created on Pump.fun qualify as financial papers and claim that the platform has achieved nearly $ 500 million of fees by facilitating its launch.
This lawsuit sheds light on the broader organizational uncertainty surrounding the momentum and raises questions about whether the platforms that allow their creation should be considered a responsibility.
Although Pump.fun does not directly issue distinctive symbols, the complaint argues that by submitting an automatic system to launch memecoins, the company is actually operating as a common source. ”
The legal battle adds to the increased audit of decentralized financing platforms (Defi), where investors and organizers are increasingly wondering whether Memecoin projects are operating within the limits of the law.
The legal battle is intensified with the accumulation of the investor losses
The main prosecutor, Diego Agilar, claims the financial losses from the trading of the distinctive FWG, Farid, and Griffan, all created on pump.fun. The Baton Corporation, a registered entity in the UK, targets the Pump.fun, along with its founders.
The case is dealt with by Burwik Le Wolf Popper LLP, which claims that the platform has benefited from investor account by enabling clouds and fraudulent plans.
This lawsuit follows the previous legal measures against pump.fun, including an issue that involves the PNUT icon, which once reached a billion dollar market ceiling before a decrease of 89 %. Another case of hawk code, associated with social media effect, included Healy Walsh.
These lawsuits highlight the risks faced by retailers in the area of unorganized mechanics, as the sudden collapse of prices is common.
Besides her legal problems, Pump.fun also faced controversy when she launched the Livestream feature in November 2024, designed to enhance the user reaction.
However, the feature soon became a problem as users began to broadcast inappropriate content, including violent shots and annoying images that include palace and animals.
The reverse reaction was quickly, with a strong condemnation of the encryption community, which led to the turning off the live broadcast function.
Memecoin’s mutation continues despite organizational challenges
Despite the increasing legal interests, Memecoins witnessed an explosive growth in early 2025.
POMP.fun recorded a 24 -hour trading volume of $ 295.53 million, with fees increasing to $ 1.45 billion.
Last month, its revenues amounted to 116.72 million dollars, exceeding the major Blockchain networks such as Solana ($ 116.46 million) and ethereum ($ 107.64 million).
POMP.fun has already faced auditing from the organizers, including a UK’s Financial Supervision Warning on its business model.
The company also faced a violent reaction to the LivestReam feature that has now been compensated, which users used to process the market.
Since the Supreme Education Council has turned its approach to encoding within the framework of the Trump administration, the result of this lawsuit can place a precedent for how to classify mecoins and launchpads under US Securities Laws.
If Pump.fun is found responsibility, it may force similar platforms to rethink their operations, while the separation can encourage industry.
A lawsuit against Post Pump.fun has been made for $ 500 million: Is the Memecoin market in legal danger? First appeared on Invezz
