🚨 Are Memecoins in Trouble? PumpFun Faces Massive Lawsuit 💣
In a major hit to the memecoin world, PumpFun and its team are under fire:
🔥 Allegations include:
• Pump & dump schemes
• No KYC/AML compliance
• Marketing targeting minors
• Allowing racist & violent token names
• Violating the Howey Test (securities laws)
💰 Penalties could reach $500M, with founders facing lifetime bans or even criminal charges.
This could become the biggest memecoin lawsuit ever — and may trigger tougher regulations across crypto. ⚠️
💬 Is this the beginning of the end for memecoins? Or just a single bad actor?
Drop your thoughts below 👇
