Pump Fun Volume Surges Despite Lawsuit and Twitter FUD
Baton Corporation’s memecoin platform Pump Fun is fighting a lawsuit by Burwick Law, which alleges unregistered securities sales. Pump Fun’s CEO Jared L. Williams calls the claims “nonsense,” and the defense team—led by former SEC investigator Daniel L. Sachs, crypto litigation expert Kyle P. Dorso, and blockchain attorney Stephen D. Palley—has filed a motion to dismiss. Despite intense Twitter FUD and negative headlines, on-chain metrics from Dune show Pump Fun’s daily trading volume holding between 2 and 2.7 million token trades, equivalent to $120 million–$184 million in USD. Rather than fleeing, users rallied, viewing legal drama as a buying opportunity. This pattern reflects the memecoin crowd’s tendency to interpret FUD as fuel for hype. While the legal battle continues, Pump Fun’s resilient on-chain activity underscores the divergence between sentiment and data. Traders should monitor both legal developments and trading volume. Pump Fun’s case highlights how robust metrics can defy sensationalist narratives and drive market momentum.
Bullish
Pump Fun’s sustained on-chain trading volume amid legal turmoil and Twitter FUD suggests strong community confidence. Historical memecoin rallies—such as Dogecoin’s jumps after negative media—show that hype and FUD can trigger buying waves. The continued daily volume of 2–2.7 million trades and $120 million–$184 million in USD value indicates robust demand. Short term, traders may capitalize on volatility and volume spikes. Long term, should Pump Fun overcome legal challenges, its demonstrated resilience could attract further investment, reinforcing a bullish outlook.