#CryptoMarketMildlyRebounds The Solana ecosystem is in a very difficult situation right now, and it will be hard for it to recover within the next six months. (As we speak, Solana is at $125.)
In January this year (2025), a major lawsuit was filed against a large meme-token production platform on the Solana network, the company BATON Cooperation Ltd (popularly known as Pump Dot Fun), which is headquartered in the UK, England.
The lawsuit includes Solana Labs, the Solana Foundation, Solana’s CEO Anatoly Yakovenko, the President of the Solana Foundation Lily Liu, and other major ecosystem figur