Key Takeaways
- PUMP is down greater than 50% since its pre-sale, because the meme coin launchpad’s airdrop buzz runs out of steam.
- Alon mentioned the workforce would announce the timeline and full particulars in regards to the airdrop when every little thing is finalized.
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PUMP, the native token of meme coin launchpad Pump.enjoyable, has plunged over 50% in lower than two weeks following its pre-sale, as airdrop hype fades.
The token, initially priced at $0.004 throughout its ICO, surged to $0.0067 following the launch occasion however shortly retraced beneath $0.005 within the days after. As of Tuesday, it slipped beneath its ICO value and continued falling right this moment after undertaking chief Alon Cohen mentioned an airdrop isn’t coming quickly.
“On the subject of the airdrop, as we promised after we initially introduced the TGE, there might be an airdrop. That ought to come as no shock to anyone. We’re going to maintain our phrase, and our purpose with that airdrop is to clearly reward the group that helped construct a platform that…has flourished for the previous one, one and a half years,” mentioned Alon in a Wednesday interview with Michael “ThreadGuy” Jerome.
“We wish to be sure that it’s a significant airdrop and it’s executed properly,” Alon added, noting that the workforce is specializing in the ecosystem’s long-term development.
“We’re really specializing in bringing again numerous that spotlight and hype to our ecosystem. That being mentioned, the airdrop isn’t going to be going down within the instant future, however we might be, you understand, we are going to talk any timelines or any particulars, no matter these particulars are, can be found,” he mentioned.
Buyers’ sentiment round PUMP seems to be blended. Based on information tracked by Lookonchain, Jeffrey Huang, generally generally known as Machi Huge Brother, has added to his PUMP lengthy place regardless of being down over $5.8 million amid the token’s steep decline.
As $PUMP retains dropping, Machi Huge Brother(@machibigbrother)’s $PUMP lengthy place is now down over $5.8M, however he’s nonetheless doubling down and including extra to his $PUMP lengthy positions.https://t.co/T0DJNDGd53 pic.twitter.com/w3aDcxxCgD
— Lookonchain (@lookonchain) July 24, 2025
The wallets linked to personal sale buyers, alternatively, offered over 1.2 billion PUMP at $0.003 previously two hours, leading to a lack of roughly $1 million.
2 wallets (probably non-public sale buyers) offered 1.25B $PUMP($3.81M) at $0.00305 within the final 2 hours, shedding $1.19M.https://t.co/5tx1g9vs6Lhttps://t.co/msm0ONmniu pic.twitter.com/glyBDgHfL8
— Lookonchain (@lookonchain) July 24, 2025
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