Pump.fun in Crisis: Token Plummets 60% as Market Dominance Evaporates
Another day, another crypto bloodbath—Pump.fun just joined the club.
The once-hot token platform watched its value nosedive by 60% overnight, leaving traders scrambling and market share in freefall. Turns out, ‘pump’ works both ways.
Market share? More like market ghost town.
Who needs leverage when the floor drops this fast? The only thing outperforming the sell-off? The speed at which former ‘diamond hands’ turned into panic sellers. Stay classy, crypto.
Token Buyback and Revenue Strategy Adjustment
Pump.fun (PUMP), one of the most prominent token launch platforms on solana (SOL), is grappling with a sharp decline in token value and market dominance.
Pump.fun’s daily revenue fell below $300,000 for the first time since September 2024.
According to data from BeInCrypto, the PUMP token price has dropped by approximately 60% in just two weeks.
At the same time, Pump.fun’s token launch market share on Solana has fallen to only 10.6%, while its rival LetsBonk has surged to capture 82.6% of the 24-hour launch volume.
This downturn has triggered a wave of criticism from the community. Some social media accounts have openly voiced frustration, calling Pump.fun a “failure” or stating that “Pump.fun is dead.”
“It’s ridiculous though what a failure pumpfun has been. They had all of the mindshare and they completely fu**ed it up and also lost their market share somehow lmao” an X user shared.
In response, rumors have surfaced across social platforms suggesting that Pump.fun will increase its token buyback rate and dedicate 100% of daily revenue to repurchasing PUMP tokens (up from 25%). However, specific figures and a concrete implementation timeline have not been officially confirmed.
On-chain data indicates that Pump.fun has already transferred 12,000 SOL to the designated buyback address.
According to analysis from Dumpster DAO, while this MOVE hints at an intensified buyback effort, it remains unverified, and the community is advised to approach such claims with caution until transparent evidence is presented.
Nevertheless, deploying 100% of daily revenue for token buybacks may serve as a short-term psychological boost and price support mechanism. Still, given Pump.fun’s dramatically reduced market share may not be enough to reverse the current trend unless paired with broader changes in product direction, user experience, or long-term growth strategies.
