I don’t think people understand how serious this is yet…
If this goes through, solana might drop below $5 in the next 2 years.
I spent 12 hours digging through court documents and let me tell you…
This doesn’t look good, I’ll explain:
Over the past few days, a federal court allowed a second amended class-action complaint to move forward involving PumpFun, Solana Labs, and multiple Solana-linked entities.
This isn’t CT drama or anything like that.
This is literally a U.S. court saying, “There’s enough here to pursue legal actions.”
The core allegation is brutal.
Plaintiffs claim insiders were given structural advantages during memecoin launches using Solana’s validator setup and transaction-priority tooling.
Basically, the accusation is that certain players were able to buy first, cheaper, and faster, while retail was pushed to the back of the line and left holding the bag once prices exploded and then collapsed.
If that sounds familiar, it’s because it’s exactly how most people experienced PumpFun.
Huge green buy button, price goes up and then seconds later it’s over.
Insiders sell for profit and retail loses everything.
The lawsuit argues this wasn’t bad luck or bad timing.
It claims the system itself made this outcome inevitable.
Why this matters for Solana specifically is the part almost no one wants to talk about.
The complaint doesn’t just target some random apps built on solana.
It directly ties the alleged behavior to Solana’s validator structure and the tools that control transaction ordering.
If that argument gains traction, Solana isn’t just hosting bad actors… but it becomes part of the mechanism being questioned.
That’s a completely different level of risk.
If regulators or courts decide that these launches functioned like unregistered securities, or that the infrastructure enabled unfair market access, Solana’s entire “fast, cheap, permissionless” narrative becomes a liability overnight.
At that point, it’s not even about memecoins anymore.
It’s about whether institutions, funds, and serious capital want exposure to a chain under active legal and reputational fire.
Now here’s the part that really scares me the most…
A massive portion of SOL isn’t owned by retail.
Roughly 45-55% of the circulating supply is held by insiders, early investors, VCs, foundations, and institutions tied directly to the Solana ecosystem.
Imagine what would happen if they decided to sell everything at once…
People asking “can SOL really go to $10?” are asking the wrong question.
The right question is what happens to valuation if everyone loses confidence?
Crypto doesn’t price assets on fundamentals during stress but it reprices trust.
When trust is broken, the price crash massively.
We’ve seen this movie before.
FTX. Luna. Celsius. All had different mechanics, but the ending was the same.
Once the market decides something is structurally broken, liquidity vanishes and price goes close to ZERO.
I’m not saying Solana is finished tomorrow.
I am saying this is the first time Solana’s core architecture is being questioned in a legal setting.
That’s a line you don’t want crossed if you’re invested.
If this snowballs, if discovery exposes more than expected, or if regulators start circling instead of watching from a distance, downside scenarios that once sounded ridiculous stop sounding so crazy.
Watch this carefully. Because if this really is the beginning of the end, most people won’t realize it until it’s already too late.
I’ll keep you updated over the next few days. When I think it’s time to dump your Solana, I’ll post it here publicly.
If you’re holding SOL, you’ll wish you followed me sooner… trust me.
Disclaimer: This article is for educational purposes only and is not financial advice.Always do your own research (DYOR).
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