Pump.fun Backtracks on Airdrop: PUMP Token Plummets 50% Post-Launch

Pump.fun's sudden U-turn on its promised airdrop sends shockwaves through the DeFi community—and its token price into freefall.

Here's how the drama unfolded...

The hype train derails

Just hours after listing, PUMP nosedives 50% as traders flee what some are calling 'the most predictable rug pull since your last shitcoin investment.'

Anatomy of a crypto crisis

No white paper? Check. Vague roadmap? Obviously. But canceling the one feature that got people excited? That takes special talent—even for this industry.

The market's verdict? A brutal 50% haircut that would make even Wall Street hedge funds wince.

Silver lining for degens?

On-chain data shows some brave (or foolish) souls are still buying the dip—proving once again that in crypto, hope springs eternal right until the liquidity vanishes.