PUMP token climbs 25% as Pump.fun and Solana face class action and Solana price retreats

PUMP, the native token of Pump.fun, jumped 25% in the last 24 hours and is up about 60% over the past month, even as Pump.fun and the Solana Foundation confront a class action lawsuit. Pump.fun buybacks have removed more than 20% of PUMP's supply in three months and no unlocks are due until July, while Solana's price has pulled back amid legal and reputational concerns.