One of Solana's Biggest Risks Just Disappeared. Is It a Buy With $1,000?

Published September 10, 2026 · Category: Finance

Overview

Solana (CRYPTO: SOL) just unexpectedly got some bullish news. On Aug. 31, a judge dismissed all claims against Solana Labs, the Solana Foundation, and its executives in the class action lawsuit regarding alleged wrongdoing against investors stemming from coordination between those organizations and the meme coin launchpad Pump.fun (CRYPTO: PUMP). The coin is still 65% below its all-time high set in January 2025.

While the entities most closely linked to Solana now appear to be in the clear, Pump.fun's parent company still faces racketeering claims in the lawsuit. So is Solana a buy with $1,000 on this news, given that Pump.fun is still hosted on its chain and is still the biggest project there by revenue?

Image source: Getty Images.

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Originally published at www.fool.com.

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