Pump.Fun Token Plummets 27% Amid Airdrop Chaos – Is This the Bottom?
Another brutal selloff rocks Pump.Fun as airdrop doubts trigger panic.
Market bloodbath: The token nosedives 27% in 24 hours—turning 'free money' into a liquidation party.
Behind the crash: Whispers of botched tokenomics and rug-pull fears send traders sprinting for exits. Even degens have limits.
Silver lining? Crypto's favorite cycle repeats: crash hard, pump harder. Just ask the bagholders from last season's 'sure thing.'
Wall Street analysts (pretending to understand DeFi): 'This is why we regulate.' Meanwhile, Bitcoin ETFs hit ATHs.
‘We’re Going to Keep Our Word’
Alan addressed the airdrop directly for the first time, saying:
As we promised when we initially announced the TGE, there will be an airdrop. That should come as no surprise to anybody. We’re going to keep our word.
While this may reassure some holders, the lack of concrete details has only added to market uncertainty. Alan said the airdrop will not happen in the immediate future and gave no hints about eligibility. He also claimed that fewer than five people in the world know the real criteria and dismissed most rumors as false.
The team appears to be cautious about market reaction. According to Alan, they want to avoid a typical “sell the news” event where users dump tokens after claiming them:
We want it to be an event that boosts our ecosystem rather than taking away. The entire Pump.Fun ecosystem and the solana ecosystem at large is going to see a massive injection, and for that to actually be sustainable.
Still, some critics argue that the delay may reflect internal doubts or concerns about low demand after the drop.
Token Slides and Whales Exit
Following the interview, the PUMP token fell from $0.004 to $0.0029 — a 27% drop. Compared to its all-time high of $0.0068, the total decline now stands at around 57%.
The Pump.Fun airdrop is technically still planned, but there has been no formal announcement from the team. The only mention of the delay came during the interview. This lack of communication has frustrated many holders.
Some investors believe the price is being suppressed intentionally to let larger players enter at a discount. Others are turning their attention to LetsBonk, where momentum continues to grow.
There are signs of whale exits. According to Mob Screener, at least two large sell-offs of around $45,000 each occurred shortly after the interview.
Despite price weakness, Pump.Fun currently leads decentralized meme coin trading. As of July 24, it recorded $25 million in daily DEX volume, outperforming rival Useless Coin (USELESS), the mascot token of the LetsBonk ecosystem.
Sentiment Turns Cautious Amid Delays Of Pump.Fun Airdrop
Some users have pointed to an older post by Alan about what makes a successful token launch. Critics say Pump.Fun is now failing on both counts: unclear strategy and missed expectations.
"Conclusion : every pre sale is a scam"
rip $pump https://t.co/ZN3jZckYyG pic.twitter.com/0sGrMpfm0l
The lack of transparency around the Pump.Fun airdrop continues to weigh on community sentiment. Without a clear update, further price pressure is likely.
If the airdrop eventually lands and delivers real value to users, it could help the token recover. But for now, traders are growing impatient — and rival meme coin platforms are gaining ground.
