Pump.fun class action case allowed to submit new evidence of MEV trading practices
2025-12-19 00:52:04
The judge granted a motion to amend and resubmit new evidence of MEV trading practices related to the Pump.fun, JitoLabs, and Solana Foundation class action lawsuits. The plaintiffs allege that Pump.fun used MEV technology to give insiders preferential access to new tokens at low prices, and then pulled them up and sold them to retail participants, who were then used as exit liquidity for insiders. SolanaLabs, JitoLabs, and others are said to have facilitated it in the allegations.
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