25.07.2025 09:39

Pump.fun (PUMP) experienced a significant price plummet, shedding 25% of its value to reach unprecedented lows. This sharp decline followed the co-founder's announcement that the highly anticipated airdrop, eagerly awaited by investors, would be delayed indefinitely.

The token's market capitalization dipped below the crucial $1 billion mark, a disheartening development that also saw its price fall below the initial pre-sale level, significantly impacting early investors' returns. Adding to the already bleak situation, legal pressure intensified with an amended class-action lawsuit demanding a staggering $5.5 billion in damages.

Community outrage further fueled the price drop. Users expressed mounting frustration and anger, publicly criticizing the development team for consistently making vague promises and failing to deliver on their commitments. The lack of transparency and the dashed expectations contributed significantly to the overall negative sentiment surrounding the project. This confluence of negative factors underscores the precarious position of PUMP and the resulting investor distrust.