Solana’s Pump.fun Faces Escalating Legal Battle Over Alleged ’Rigged’ Token Launches
In a significant development for the Solana ecosystem, a federal judge has allowed investors to advance fraud claims against the popular launchpad platform Pump.fun. The ruling permits an expanded lawsuit alleging the platform's much-touted 'fair launch' mechanism was systematically designed to maximize fees while ensuring retail investors suffered predictable losses. This legal escalation arrives at a critical juncture for Solana, potentially impacting developer and investor confidence in its burgeoning decentralized finance landscape. The case, now moving forward in the Southern District of New York under Judge Colleen McMahon, could set a precedent for regulatory scrutiny of token launch platforms across the cryptocurrency sector. As of December 2025, the outcome is being closely watched by market participants for its implications on platform accountability and the integrity of decentralized fundraising models on high-throughput blockchains like Solana.
Pump.fun Lawsuit Advances as Judge Allows Expanded Fraud Claims
A federal judge cleared the way for investors to escalate allegations against Solana-based launchpad Pump.fun, permitting a revised complaint that accuses the platform of orchestrating a rigged token launch system. The amended filing alleges the platform's 'fair launch' mechanism was designed to extract maximum fees while exposing retail participants to predictable losses.
Southern District of New York Judge Colleen McMahon's ruling opens the door to new racketeering claims, with plaintiffs arguing the architecture prioritized protocol profits over market integrity. The case now turns on whether the platform's automated bonding curve function operated as an unregulated marketplace.
Valour to List Solana ETP on Brazil's B3 Exchange, Expanding Crypto Access
Brazilian investors gain regulated exposure to solana through traditional brokerage channels as Valour's VSOL ETP joins four existing crypto products on B3 Exchange. Trading begins December 17, 2025.
The launch marks another milestone in Brazil's institutional crypto adoption, following Valour's Bitcoin, Ethereum, XRP and Sui ETPs. Local investors can now access SOL through familiar custody systems denominated in BRL.
DeFi Technologies' subsidiary continues bridging traditional finance with digital assets, mirroring global trends of exchange-traded crypto products gaining traction among regulated investors.
Solana Holds Critical Support Amid Accumulation Signals
Solana (SOL) stabilizes NEAR the $124–$125 support zone after a sharp retreat from recent highs, with 4-hour charts revealing signs of accumulation as repeated sell-offs fail to extend losses. The cryptocurrency now faces layered resistance between $129 and the $139–$145 supply zone.
Market structure remains fragile below $129, but a decisive breakout above $145 could signal renewed bullish momentum. Conversely, a close below $125 risks accelerating declines toward $120.
Analysts note the $123–$125 range has absorbed multiple downside probes, with swift recoveries suggesting responsive buying. This consolidation follows an impulsive decline, indicating potential exhaustion of selling pressure.
Solana Deflects Massive DDoS Attack Without Performance Impact
Solana's network integrity remained unscathed during a sustained distributed denial-of-service (DDoS) attack peaking at 6 terabits per second—a testament to its fortified infrastructure. Unlike previous outages, the blockchain maintained transaction speed and validator participation throughout the assault, which lasted over a week.
Key to this resilience was Solana's validator decentralization, with co-founder Raj Gokal noting the attack had 'zero effect on performance.' Helius CEO Mert Mumtaz emphasized that such stress tests validate the network's defensive upgrades, critical for institutional confidence in competing with ethereum and other Layer 1 chains.
The event underscores a broader industry challenge: as blockchain adoption grows, so does the sophistication of attacks. Solana's response sets a benchmark for real-time threat mitigation without compromising throughput—a metric increasingly scrutinized by DeFi and NFT projects evaluating chain reliability.
