A few days ago, PUMP experienced a significant price pullback due to the fact that the U.S. federal court has allowed the second amended class action lawsuit to proceed, involving PumpFun, SOL Labs, and entities related to SOL.
The core accusation is actually quite simple:
Insiders allegedly had structural advantages during the memecoin launch—faster access, priority trading, and cheaper entry—while retail investors were pushed to the back, left to bear losses after rapid fluctuations. This practice is currently the gameplay of the PUMP platform and is the main way most people experience PumpFun. The key point is that this lawsuit targets not only applications built on Solana but also directly questions Solana's validator structure and transaction ordering mechanism. If the court or regulatory bodies conclude that these infrastructures enable unfair market access or unregistered securities activities, Solana's core narrative—fast, cheap, permissionless—will become a burden, and all DAPPs on SOL will face scrutiny over such issues in the future. Therefore, PUMP has seen a massive decline, retracting more than 60% since December 13, and this drop is indeed quite severe.
Has Pump's fundamentals encountered similar issues?
I don't think so. From a comprehensive strength perspective, PUMP remains one of the most profitable core DAPPs in the market, and there will not be any changes in the short term.
Currently, Pump's issue lies in how to respond to accusations. After all, in an era where anyone can issue TOKENs, how to define securities and entertainment is indeed very important. Once the boundaries are unclear, huge problems will arise later.
In terms of products, whether FuturePump can establish an incentive-compatible creator token model, whether it can achieve substantial expansion of the multi-chain market through Padre, how to manage the risks of token unlocking and declining revenue visibility, and which product vertical to focus on as the main point of effort, these are all strategic issues that FuturePump needs to address.
Uncle Meow's strategy
First of all, the current macro background still has weak liquidity. The most stable layout approach should be to invest in the mother chain of core DAPPs. For example, if you are optimistic about UNI, you should invest in ETH. If you are optimistic about Pump, you should invest in SOL. This is also the core reason why I continuously implement a DCA strategy for SOL.
