Pump.fun, a Solana-based launchpad, has once again delayed its highly anticipated public token sale, now scheduled for mid-July 2025. The platform, which aims to raise $1 billion at a $4 billion valuation, has faced multiple setbacks since early 2024 due to ongoing legal challenges. A class action lawsuit filed by Burwick Law accuses Pump.fun of operating as an unregistered securities exchange and engaging in price manipulation, further complicating its path to launch. Investors remain in limbo as the platform navigates these legal hurdles, casting uncertainty over its future prospects in the competitive crypto launchpad space.
Pump.fun Delays Token Auction to July Amid Legal Challenges
Pump.fun has postponed its public token sale once again, pushing the event to mid-July amid ongoing legal disputes. The Solana-based launchpad, which aimed to raise $1 billion at a $4 billion valuation, has faced repeated delays since early 2024, leaving investors in limbo.
A class action lawsuit filed by Burwick Law alleges Pump.fun operated as an unregistered securities exchange and engaged in price manipulation. The platform stands accused of inflating token values and leaving retail buyers with significant losses. Legal pressures continue to mount, with a cease-and-desist order served in February.
Solana Correction Nearing End? Analysts Predict $130 Retest
Solana (SOL), once a standout performer among altcoins, has entered a corrective phase, shedding nearly 10% of its value over the past week. Market uncertainty, driven by global geopolitical tensions and a broader crypto pullback, has traders questioning whether the bottom is in—or if further downside looms.
Despite the recent decline, analysts suggest solana may be nearing the end of its pullback, with potential for a strong upside move. However, some experts anticipate one final dip toward the $130 zone before a reversal. SOL failed to hold above $168 resistance last week, retreating to the $140-$145 range—a 15% retracement from monthly highs.
Since May, SOL has oscillated between $145 and $180, struggling to reclaim higher ground after June sell-offs. The cryptocurrency now trades within a one-month falling wedge pattern, a technical setup often preceding bullish breakouts. Analyst Lluciano highlights this consolidation as a potential springboard for upward momentum if current support holds.
Final Opportunity to Buy Solaxy Crypto Before Presale Ends
Solaxy, the first Layer 2 solution built on Solana, is entering the final hours of its presale, having already raised over $50 million from whales and early adopters. The project addresses key limitations of the Solana blockchain—congestion, rising fees, and technical slowdowns—while enabling scalability without service interruptions.
With a functional infrastructure, audited contracts, and staking already in place, Solaxy stands apart from meme coins as a tangible protocol. Post-launch, scarcity effects are expected to intensify due to massive token burns and locked supplies.
Investors are rushing to participate before the presale closes permanently, as the next bull run could amplify demand for this high-throughput scaling solution.
Jupiter on Solana Halts DAO Voting Until 2026 to Refocus DeFi Strategy
Jupiter, a leading decentralized exchange on Solana, has suspended its DAO governance voting until 2026. The MOVE aims to streamline operations and prioritize growth during a critical inflection point for decentralized finance.
Chief Operating Officer Kash Dhanda cited inefficiencies in the current governance model, including slow decision-making and community fragmentation. Despite the pause, staking rewards will remain unchanged for active participants.
The platform plans to redesign its governance framework with community input, seeking to create a more efficient system for future DeFi innovation. This strategic shift reflects the challenges of balancing decentralization with operational agility in fast-moving crypto markets.
