Pump.Fun Airdrop Uncertainty Triggers 27% Token Plunge Amid Founder’s Vague Assurance

Pump.Fun's native token extended its downward spiral, shedding another 27% as ambiguity persists around its promised airdrop. Founder Alan Cohen confirmed the distribution will occur but refused to specify timing or eligibility criteria, claiming fewer than five individuals globally know the true parameters.

The token has now lost over 50% since its mid-July ICO, with the latest drop occurring after Cohen's interview with TreadGuy. His attempt to reassure markets - 'We're going to keep our word' - backfired as traders interpreted the lack of transparency as a red flag. The team's stated intention to avoid a 'sell the news' scenario appears to have instead created a 'sell the uncertainty' collapse.

Market structure suggests weak hands are exiting positions, with the prolonged silence eroding confidence in what was initially billed as a community-focused launch. The absence of concrete details has created fertile ground for speculation, with Cohen dismissing most circulating rumors as false while offering no counter-narrative.