PUMP Plummets as Legal Dispute Escalates

Despite being the most influential new decentralized finance (DeFi) product of 2024, Solana-based memecoin launchpad pumpfun is struggling after launching its token this year, and following a new development in the platform’s ongoing legal dispute, the PUMP token is now trading more than 50% below its ICO price.

PUMP is now changing hands at a fully diluted valuation (FDV) of just $ 1.7 billion and a market capitalization of $1 billion.

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