Sol Ecosystem Meme Coins Face Severe Legal Challenges

Recent allegations touch on a pain point in the crypto market—the unfair competition between early participants and retail investors. According to the lawsuit materials, certain Meme coin launch mechanisms have obvious vulnerabilities: technical players can buy in at low prices first, while ordinary investors are left at the end of the queue. When the coin price surges and then crashes, retail investors are the last to get in, naturally becoming the bagholders.

This pattern sounds very familiar. The events on the PumpFun platform follow this logic—different participants are treated very differently by the mechanism. If the law determines these allegations to be true, the involved projects and platforms could face serious compliance consequences. This also reflects that, as regulatory scrutiny intensifies, the operational models of high-risk products like Meme coins are becoming a key focus.