Solana Labs Dismissed From Pump.fun Lawsuit, RICO Claims Survive
Pump.fun (PUMP)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports that Judge Colleen McMahon formally dismissed claims filed by Burwick Law against Solana Labs, Solana Foundation, and their executives in the class action lawsuit against the memecoin platform Pump.fun. The ruling sustained RICO charges accusing Baton Corporation and its executives Noah Bernhard Hugo Tweedale, Alon Cohen, and Dylan Kerler of wire fraud, illegal gambling, and unlicensed money transmission for plaintiffs Carnahan and Okafor. However, the RICO charges brought by plaintiff Aguilar were dismissed, and the decision did not close the case entirely. The decision was recorded in a court filing where McMahon ruled on a series of motions to dismiss raised by the defendants.
How the market reacted
Whalio's own Binance spot order flow for PUMP, measured when this story was written up on 1 September 2026. Not the outlet's figures.
Pump (Pump.fun) is trading at $0.004453 with a 1-hour buy ratio of 40.7% and a 4-hour buy ratio of 43.0%, both below the 51.0% 24-hour average, indicating that buying pressure is fading in the short term. Volume deltas reflect this shift, showing net outflows of -$130,258 over the last hour and -$680,896 over four hours, compared to a net inflow of +$592,428 over the past day. The buy ratio represents the percentage of trades executed as buys, while the volume delta measures the net difference between buy and sell volume. A negative volume delta means that sell volume has exceeded buy volume during that period, pushing the cumulative volume delta (CVD) to -$1,150,143 at the 24-hour close. Spot volume reached $30,116,273 over 24 hours across 226,438 trades, with net buying occurring in only 11 of the 24 hours.
The latest daily buy ratio of 47.7% sits at the 33rd percentile of the last 281 days, against a median of 49.1% - ordinary for this coin.
Twenty-four hours later
What PUMP did over the 22 hours after the story broke. The market moves for its own reasons; this is what happened, not what the story caused.
Was that an ordinary day?
The same Binance spot measurements for PUMP, averaged over the days leading up to the story.
Over the preceding week, the 7-day average buy ratio was 53.2%, making today's 24-hour ratio of 51.0% lower by 2.2 percentage points. Volume was also subdued, trading at 0.71 times the weekly average, while the price dropped 6.2% over eight days. Despite the lower volume and ratio, the coin experienced net buying for seven consecutive days, resulting in a total volume delta of +$18,643,355 over that period. This indicates that while recent activity is below average, the coin has maintained a consistent pattern of net accumulation over the full week.