Judge Grants Plaintiffs' Motion To Include New Evidence in Pumpfun Lawsuit
A US court is considering new evidence in a class-action lawsuit against memecoin launch platform Pump.fun, MEV infrastructure firm Jito Labs, the Solana Foundation, and others. The lawsuit alleges that Pump.fun misled retail investors by claiming fair token launches, while secretly colluding with Solana validators to use maximal extractable value (MEV) strategies—reordering transactions to benefit insiders. Over 5,000 internal chat logs have been submitted as new evidence, purportedly indicating management and coordination among involved parties. Plaintiffs claim this facilitated insider access to undervalued tokens, which were then sold to retail investors at inflated prices. The outcome may establish precedent for MEV-related cases in the US, as courts and regulators grapple with defining appropriate standards for these complex crypto practices. A related trial involving alleged MEV bot manipulation recently ended in a mistrial due to juror confusion over the technical details, underlining challenges in adjudicating MEV-related disputes.
