🚨 LIVE: PUMP Plummets 50% as Airdrop Stalls—BTC Battles to Defend $117K Support

PUMP token holders got rug-pulled by hype—again. The 'community-driven' project's delayed airdrop triggered a 50% nosedive, proving once more that 'free money' in crypto usually costs you dearly.

Meanwhile, Bitcoin plays defense at $117K. The king coin's resilience surprises bears, but let's be real—this is the same market that treats 'support levels' like suggestions after three margaritas.

Pro tip: When a project names itself 'PUMP,' it's not subtle foreshadowing—it's a neon exit sign for your liquidity.

Pump Crypto Faces Backlash as Airdrop Delay Erodes Community Trust

Community frustration has grown steadily as Pump.fun delays details of the airdrop promised during its record-breaking $600 million ICO. While Alon confirmed that an airdrop will happen, he stressed that the team is prioritizing long-term ecosystem development over immediate token rewards.

We want to make sure that it is a meaningful airdrop and it is executed well. That being said, the airdrop is not going to be taking place in the immediate future.”

But this decision is controversial. When you launch a token and promise an airdrop, it’s supposed to reward early supporters: the people who helped you build momentum. Delaying it indefinitely opens the door to airdrop farming and undermines trust. Waiting a year to reward loyal users defeats the whole purpose.

The decision to delay, paired with whale exits at a loss, suggests diminishing confidence in short-term price action.

Pump.fun, for now, remains a dominant force in Solana’s token ecosystem, having generated $774 million in revenue and launched over 12 million tokens. But unless the team restores community trust and delivers on its promises, PUMP may continue to face downside pressure, especially with newer competitors like LetsBonk gaining ground.

2 hours ago

Solana Crypto Price Touched $200 Before -9% Sell Off: Best Crypto to Buy Now?

Solana has been on a wild ride recently, surging more than 10% from $180 to $200 in 3 days. This all happened before an overnight sell-off, which saw SOL retrace the entire move. With the market on a slight dip, many traders are wondering, ‘What is the best crypto to buy right now?’

XRP Reclaims $3 After 16% Drop – Is the Rally Losing Steam?

XRP has been one of the top-performing altcoins this cycle, gaining 72% over the past month. But after reaching a local high of $3.67, the token dropped sharply to $2.96 in the last 24 hours before bouncing back above $3, now trading at $3.05.

On-chain signals suggest that XRP’s rally could be cooling off. First, data from CryptoQuant shows XRP’s exchange reserve on Binance hit a yearly high of 2.98 million tokens worth over $10 million. When coins MOVE to exchanges, it often signals selling intent.

XRP’s taker buy/sell ratio has stayed below 1 since July 10, currently at 0.88. This means futures traders are selling more than buying, adding to the bearish pressure.

While XRP remains one of the strongest altcoins of the cycle, these indicators point to a possible short-term correction. If selling continues, and xrp price breaks the $2.95 level, the next support lies near and $2.65.