Pump.fun’s Solana Token Crashes Below ICO Price—Is the PUMP Airdrop Hype Already Dead?
Memecoins giveth, and memecoins taketh away. Pump.fun's Solana token—once the darling of degenerate traders—just plunged below its initial offering price. The so-called 'guaranteed airdrop play' now looks like another case of buy-the-rumor, sell-the-news.
What happened to the hype? The usual suspects: profit-taking, fading FOMO, and that cruel mistress called 'tokenomics.' Even Solana's resilient ecosystem couldn't save this one from gravity.
Will the PUMP airdrop spark a revival? Maybe. But let's be real—when has 'free money' ever fixed a broken chart? (Spoiler: Never.)