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The PUMP token's price increased by 25% overnight as its associated platform, Pump.fun, and the Solana Foundation were targeted by a class-action lawsuit.
A large crypto holder withdrew 1.34 billion PUMP tokens valued at $3.31 million from the OKX exchange, increasing their total holdings to $6.92 million.
The PUMP token surged on January 18, 2026, creating speculation around a potential 57% breakout and introducing significant price volatility.
The pump.fun project team transferred $148 million in stablecoins to the Kraken exchange on January 13, 2026, part of a larger $753 million movement from its ICO treasury.