The reason why PUMP.fun is crashing ($SOL ecosystem, warning)PUMPUSDT SPOTBYBIT:PUMPUSDTCryptoNikkoidComplete explanation is here: https://x.com/cryptonikkoid/status/2001335962182521023?s=20 🚨 This Could Be a Major Problem for Solana Most people don’t realize how serious this is yet. A U.S. federal court has allowed a second amended class-action lawsuit to move forward involving PumpFun, Solana Labs, and Solana-linked entities. This is not crypto Twitter drama — it’s a court saying there’s enough substance to proceed. The core allegation is simple and dangerous: Insiders allegedly had structural advantages during memecoin launches — faster access, priority transactions, cheaper entries — while retail was pushed to the back and left holding the losses after rapid pumps and crashes. If that sounds familiar, it’s because that’s exactly how most people experienced PumpFun. What really matters: The lawsuit doesn’t just target apps built on Solana. It directly questions Solana’s validator structure and transaction-ordering mechanisms. If courts or regulators conclude that this infrastructure enabled unfair market access or unregistered securities activity, Solana’s core narrative — fast, cheap, permissionless — turns into a liability. That’s a completely different level of risk. Add to this another uncomfortable fact: Roughly 45–55% of SOL is held by insiders, VCs, foundations, and institutions. If confidence breaks, liquidity disappears fast. Crypto doesn’t reprice on fundamentals in stress — it reprices trust. We’ve seen this before: FTX, Luna, Celsius. Different stories, same ending. I’m not saying Solana is dead tomorrow. I am saying this is the first time its core architecture is being questioned in a legal setting — and that’s a line you don’t want crossed lightly. Watch this closely. If this snowballs, downside scenarios people once laughed at will stop sounding impossible.