PUMP token has experienced a significant decline, dropping 39.3% to $0.00196 since December 9, following a class-action lawsuit against Pump.fun. The lawsuit, which involves the Solana Foundation and Jito Labs, accuses the platform of insider trading and causing losses between $4 billion and $5.5 billion. A whistleblower has reportedly leaked 5,000 internal chats, adding to the platform's legal troubles. The token's price has broken the $0.0025 support level, with technical indicators such as the Fear and Greed Index, Chaikin Money Flow (CMF), and Money Flow Index (MFI) suggesting further declines. Key resistance levels are identified at $0.00207 and $0.0023, which could influence the token's future price movements.