All related Pump.fun memecoin X accounts are going down
The lawsuit also claims the project violated the Howey Test:
* Investors expected profits
* Token value relied heavily on project marketing
* No actual utility — just speculation
If the founders lose in court, they could face:
* Massive fines
* Lifetime bans from financial markets
* Criminal charges for securities fraud
💸 Estimated penalties: $500 million
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