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Pump Fun Token Launch Fails? Why $PUMP Crypto Price Crashed 21%
Pump Fun Token Launch Fails? Why $PUMP Crypto Price Crashed 21%
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BTCCSquare news:
The highly anticipated launch of the Pump Fun token ($PUMP) on major exchanges ended in disappointment as the price plummeted 21% shortly after going live. Despite significant HYPE and a broad rollout, the token failed to sustain initial momentum, leaving traders questioning its viability.
Market participants had expected a strong debut given the project's visibility, but the sharp decline suggests either overestimation of demand or insufficient buy-side support. The event underscores the volatility risks inherent in new token launches, even those with substantial marketing backing.
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