@tasiu0
@tasiu0
The Solana ecosystem is currently in a very serious and difficult situation, and it will be hard for it to recover within the next 6 months.
In January 2025, a major lawsuit was filed against the biggest meme-token creation platform on the Solana network, known as Pump Dot Fun, which is headquartered in the UK (England).
The lawsuit includes Solana Labs, Solana Foundation, Solana CEO Anatoly Yokovenko, Solana Foundation President Lily Liu, and other key ecosystem figures such as Raj Gokal.
The case was filed in the Southern District Court of New York, USA, accusing them of conspiracy, running a criminal enterprise, defrauding investors, and operating without complying with U.S. Securities Laws.
The plaintiffs presented the following claims:
Pump Dot Fun was launched in January 2024, and between January 2024 and March 2025, about 7 million tokens/meme coins were created.
98.6% of these tokens collapsed and went to zero value, while only 1.4% survived as utility tokens with real use.
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