<ul data-eligibleForWebStory="true">Pump.fun has delayed its token sale to mid-July amidst legal issues and investor frustration.A class action lawsuit accuses Pump.fun of unregistered securities trading and price manipulation.Speculation of regulatory intervention arose after Pump.fun's X account suspension.The token sale, initially planned for June 25 to raise $1 billion, has faced multiple delays since early 2024.Investors are increasingly frustrated due to the lack of clarity.The class action lawsuit against Pump.fun alleges it operated as an unregistered securities exchange and engaged in price manipulation.Pump.fun faces legal challenges from trademark infringement allegations on user-generated memecoins.The recent suspension of Pump.fun's X accounts stirred rumors of regulatory action.Several crypto startups have faced social media suspensions, adding to regulatory concerns in the industry.Pump.fun has expanded its legal team to deal with the lawsuits and maintain user trust.Debates within the Solana community question the legality and sustainability of memecoin launches like Pump.fun.The case of Pump.fun emphasizes the importance of regulatory compliance amidst increasing scrutiny.The future of Pump.fun remains uncertain as delays persist and legal challenges mount.The legal outcome of Pump.fun's case could set a precedent for meme-driven crypto platforms.The incident reflects a growing trend of social media suspensions in the crypto industry, raising investor anxiety.Pump.fun's postponed token sale and legal troubles highlight the risks faced by projects navigating a complex legal landscape.