The court dismissed Solana's suit, and Pump's token was continuously bought and destroyed
According to 10xResearch, the Pump token has risen by about 93 per cent over the past 30 days, at a current price of $4.09, and on 23 August it reached a record high of $5.23, which is now falling from that peak. The Federal Court of New York dismissed the class action against Solana, but narrowed the scope of the class action against the Pump Fun operator, allowing Rico and the transfer of funds claims to continue, maintaining regulatory and legal risk concerns. The revenue-driven destruction mechanism used half of the agreed proceeds to buy back and destroy Pump, although it did not offset the wider pressure on sales. Bitcoin's dominance remained stable, with trade volumes falling below $100 billion, and stable currency inflows indicated a rotation of funds rather than new capital. The portfolio is sufficient to allow us to reconsider the risk exposure, despite the 33 per cent increase in our model portfolio since April. We are winding up some of the best-performing assets and rotating to new ideas related to emerging themes。
