Key Takeaways
- Pump.Fun’s native token, PUMP,has crashed by over 50% since its listing, leading to market uncertainty regarding its price.
- Crypto whales and investors port to LetsBonk, Pump.Fun’s competitor is following the news of no PUMP airdrop.
- Pump.Fun suffers negative sentiment and petitions on the grounds of promoting crypto rugpulls.
Pump.Fun, the famous Solana memecoin launchpad, which rose to stardom following its easy listing and subsequent streaming, gained strong market dominance after its early launch in 2024. However, Pump.Fun has come under a lot of backlash in recent weeks following the launch of its native token, PUMP.
PUMP, a native token of Pump.Fun generating so much hype upon the announcement of its official Initial Coin Offering (ICO) of PUMP tokens and market predictions of a potential 10x after its listing, but things haven’t gone as expected, leading to speculation of a potential price heading to zero or boom to the upside.
Let us dive deep into Pump.Fun token saga and the potential of PUMP tokens in the coming bullrun despite market speculation hinting at a more price dump.
Pump.Fun Rise, Token Sales, and Saga
Created in January 2024, Pump.Fun rose to stardom, hitting a milestone of over $500 million in revenue, generating incredible numbers for the Solana memecoin ecosystem. The growth of Pump.Fun was evident following the introduction of a live stream feature on its platform, as its team aims to compete with many other streaming platforms.
This plan led to the launch of PUMP as stated in an official statement on X. PUMP ICO launch was scheduled on July 12-15th, 2025, on top crypto exchanges such as Bybit, Gate, Kucoin, MEXC, and Kraken.
PUMP Token Sale – Source Pump.Fun
Ahead of its intended ICO, the PUMP token came under criticism following its approval to be traded on DEX platforms, such as Hyperliquid, before its public ICO.
Pump.Fun token was sold at $0.004, generating over $500 million in revenue. However, the price has failed to deliver the expected 10x return for its community, leading to price uncertainties and panic selling towards $0.0035.
Additionally, the news of “No Airdrop” plans by Pump.Fun Co-founder has created a negative market sentiment around the Solana memecoin launchpad and its native tokens, PUMP.
“No PUMP Airdrop Plans” as Token Faces Bum or Burst Reaction
On a live stream with the threadguy, Pump.Fun co-founder Alon, when asked if there was going to be an airdrop to the PUMP community, says, “The Pump.Fun team has no plan of airdrop now or shortly and will inform the community if there are plans for such airdrop.”
This news has led to more price dumping from crypto traders and OGs, such as OG Trencher, who sent an open letter on X to the Pump.Fun team of his desire to port to LetsBonk.
Pump.Fun Graduated Tokens – Source Dune
According to on-chain data from Dune, Pump.Fun platform has suffered a significant decline in memecoin token launches and graduations over the past few days, following the news of no airdrop plans. As a result, crypto traders are moving over to LetsBonk as the newly launched memecoin has overtaken Pump.Fun on graduated tokens and 24-hour revenue in the past few weeks.
Additionally, Crypto Twitter is launching a petition against Pump.Fun on the grounds of a mass rugpull, which could further impact the price of PUMP tokens.
Technical Analysis and Sentiment of the Pump Fun Token
PUMP Analysis – Source Raintures on X
While the general sentiment in the crypto space has become bearish over the last few days, top crypto traders have shared different market analysis and sentiments on the current market price action of the PUMP token.
Raintures, a crypto trader on X, has predicted the current market sentiment for PUMP is hugely bearish due to volume thinning and fractured sentiment following an over 60% price crash from its listing price.
According to the crypto trader, this is just an exit liquidity for the big players and the Pump.Fun team that sits on the larger portion of the token supply, thus describing such price action as not healthy.
PUMP Price Analysis – Source JacobCanfield on X
Additionally, JacobCanfield on X, based on his zone analysis, suggests that the price of the PUMP token has the potential to trade with upside if it breaks above key resistance zones marked on the chart.
A strong breakout with volume above these zones could signal a market reversal for PUMP to the upside, despite the market turning bearish.
Are all of these sentiments and market analysis of Pump.Fun token sufficient for a market recovery in the coming months?
Will Pump.Fun Token Recover?
PUMP Price Chart – Source CoinMarketCap
Pump.Fun native token PUMP has crashed by over 55% since its launch, as the price continues to plummet with little volume to the upside. The price currently trades around $0.0025, signaling sustained selling pressure in its community.
Trading activities and volume have dried up, despite a minor price jump towards $0.0027, as crypto experts speculate that this could be a fakeout for a more bearish price decline in the coming days.
Additionally, a lack of price to the upside following a buyback proposed by Pump.Fun teams have created many uncertainties surrounding the potential of PUMP tokens, creating a potential 10x rally for many traders.
While much uncertainty has been cast on PUMP tokens, a small group of degenerate traders believes in the Pump.Fun token could pull off one of the biggest comebacks in the crypto space as the general market remains bullish.
Conclusion
In conclusion, the general market sentiment surrounding PUMP tokens remains bearish following recent news about its token listing, lack of airdrop plans, and market price dumps, with crypto OGs porting to rival Solana memecoin launchpad LetsBonk.
Related Read
PUMP Token Crashes as Crypto Traders Regret ICO Participation
Ethereum Outperforms Bitcoin – Market Expectations From Crypto Experts
