Solana News Today: PUMP Token Plunges 25% as Legal Challenges and Airdrop Delays Trigger Sell-Off
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最新报道：Solana-based meme token PUMP plunged 25% amid legal scrutiny and airdrop delays, erasing recent gains. The token's developers face allegations of misleading marketing after abruptly postponing a planned airdrop without explanation. Legal analysts note potential SEC violations if PUMP was marketed as an investment opportunity. The token had surged over 300% last week following viral social media promotion. Trading volume spiked to $50M before the sell-off, with developers pausing transactions citing "technical issues." The incident highlights growing regulatory risks for meme coins, particularly those making unverified claims about token utility or rewards. Solana's network congestion during peak trading exacerbated price volatility.
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