BNB News Today: Meme Coin "Casino" Lawsuit and BNB Chain Threats Plague Pump.fun

Pump.fun (PUMP), a Solana-based meme coin launchpad, faces a complex landscape of competitive pressures and legal challenges that could influence its future price trajectory. Recent data from DeFiLlama indicates that BNB Chain's Four.Meme has temporarily surpassed Pump.fun in daily revenue, generating $1.43 million compared to Pump.fun's $1.14 million in 24-hour trading volumes as of October 8, 2025 The Crypto Times^[1]. This shift reflects a broader trend of liquidity migration from Solana to BNB Chain, driven by Binance co-founder Changpeng Zhao's (CZ) viral "BNB meme szn" campaign and the proliferation of Chinese-themed meme tokens Chainplay^[2]. Over 100,000 traders have participated in the BNB Chain meme coin frenzy, with 70% reporting profits, including 40 traders who earned over $1 million Coinsurges^[3].

However, Pump.fun retains leadership in weekly and monthly cumulative fees, with $8.34 million and $40.9 million in total volume, respectively The Crypto Times^[1]. The platform's recent exchange listings, including Binance.US and Coins.ph, have bolstered liquidity, with trading volumes exceeding $1.2 billion in 24 hours . Aggressive buyback programs, allocating $33 million in fees to repurchase PUMP tokens since August, have also provided short-term stability .

A critical risk factor is the $5.5 billion class-action lawsuit filed in July 2025, alleging that Pump.fun operates an unlicensed "meme coin casino" that extracted losses from retail traders . The complaint, consolidated under Aguilar v. Baton Corp., includes RICO violations, securities fraud, and claims of facilitating money laundering by sanctioned entities like North Korea's Lazarus Group . Legal experts note that a successful RICO case could impose treble damages and set a precedent for stricter regulation of decentralized finance platforms .

Competition from BNB Chain's Four.Meme and other launchpads like LetsBONK.fun further pressures Pump.fun's market share. LetsBONK.fun captured 44.87% of daily Solana meme token launches in late September 2025, compared to Pump.fun's 43.73% . Analysts caution that sustained erosion of user engagement could undermine Pump.fun's fee-driven buyback model .

Pump.fun's native token, PUMP, has experienced volatility, with a 30% decline in the first 24 hours post-launch and a 50% drop since July 2025 . Early investors have exited 60% of their holdings, with selling pressure concentrated around the $0.004 initial offering price . Technical indicators suggest short-term support at $0.00613–$0.00605 and resistance at $0.00739–$0.00797, with a breakout above $0.00797 potentially targeting $0.00846 .

The lawsuit's outcome and regulatory responses will be pivotal. If the court adopts the plaintiffs' framework classifying meme coins as unregistered securities or gambling instruments, broader market dynamics could shift, affecting not only Pump.fun but also projects like Shiba Inu (SHIB) . Meanwhile, BNB Chain's ecosystem, supported by CZ's strategic initiatives, continues to attract speculative capital, complicating Pump.fun's path to sustained dominance in the meme coin sector.