Pump.fun Airdrop Canceled: PUMP Token Plummets 50% Post-Listing
The much-hyped Pump.fun airdrop has been abruptly canceled, sending its native token PUMP into a tailspin. Since its exchange listing, the token has shed half its value as investor enthusiasm evaporates.
Market participants are reevaluating the project's viability after the failed distribution event. The price collapse highlights the volatility inherent in meme-driven crypto projects when hype cycles turn.