Key Takeaways
- Pump.Fun generates significant buzz following its native token, PUMP, by over 50% since its launch.
- Crypto experts and traders express displeasure over the PUMP token launch, hinting at potentially poor trading decisions.
- On-chain data shows a huge market sell-off of the PUMP token as traders migrate to LetsBonk.
Pump.Fun has come under considerable criticism in the last few days following the public sale of its native token, PUMP, on July 12th to 15th across many crypto exchanges. Crypto experts and traders had high hopes of a possible 10x potential, but things haven’t gone as expected.
The last few days have brought mixed reactions and regrets among crypto traders and investors following a significant market crash of the PUMP token, with recent news of no possible airdrop in the near future sparking reactions among the crypto community about whether this could be the end of Pump.Fun.
PUMP Token Market Crash
PUMP Token Price – Source CoinMarketCap
Pump.Fun, a Solana memecoin launchpad created in early 2024 for the launch of memecoins on the Solana network, quickly rose to heights following its ease of memecoin creation, hitting over $1 billion in revenue, and subsequently launched its token, called PUMP.
According to its official release on X, the token sale was scheduled to take place from July 12th to 15th, 2025, based on a fair allocation and a first-come, first-served approach, with KYC in place for early investors and traders at a token price of $0.004.
This launch generated considerable buzz in the crypto space, as traders and investors were expecting a gain of over 10x from its public sale, with no vesting period. However, things haven’t gone as expected, as the PUMP token has seen a price crash of over 50% since its launch in the market.
Investors and traders are expressing their displeasure with PUMP tokens, with traders such as Ansem noting, “This is one of my worst trades in a while.”
On-chain data has also shown investors looking to cut some losses following such a market crash for a token that has gained so much hype in the crypto space, and degens are also moving away from Pump.Fun to LetsBonk platform, a competitor memecoin platform.
To top the currency saga, a live interview with Pump.Fun co-founder Alon’s confirmation that there is no plan for an airdrop has sparked speculation that the PUMP token could plummet to zero.
No “PUMP Airdrop” in the Near Future
In a live interview with the threadguy, Pump.Fun co-founder Alon confirmed on stream that there will likely be an airdrop, but there are no immediate plans now or in the future. However, when there is, the crypto space will be notified.
The reaction from the crypto space was a market crash of the PUMP token, which had dropped to a region of $0.003 at the time of writing, signaling bearish market sentiment for the token and potentially affecting its overall market performance.
While we can’t say for sure what this could mean for the PUMP ecosystem, the market is not happy following the recent saga surrounding the PUMP team and the crypto space, as crypto Twitter is eager for compensation following the market crash of the Pump token.
Related Read
