PUMP Token Plunges Over 24% as Exchange Glitches and Airdrop Anger Mount
2025-07-15 14:30:15
Main Idea
The PUMP token experienced a significant price drop of over 24% due to exchange glitches and community dissatisfaction, despite high trading volume indicating speculative interest.
Key Points
1. PUMP token dropped over 24%, testing support near $0.0050, after a chaotic launch weekend marked by community dissatisfaction.
2. Exchange glitches, including issues with Kraken and Bybit, further complicated the token's launch.
3. Trading volume surged to $1.5 billion in 24 hours, reflecting high speculative interest despite the price decline.
4. Key resistance levels are identified at $0.0074 and between $0.0060-$0.0062, with fragile support around $0.0050-$0.0052.
5. The token's market cap stands at $1.98 billion with a circulating supply of 354 billion tokens, drawing significant attention but lacking stability.
Description
PUMP struggles as token drops over 24%, testing fragile support near $0.0050 Explosive $1.5B volume hints at hype-driven trading despite sharp price decline Launch issues and unmet airdrop promises erode community trust and confidence The newly launched PUMP token from the memecoin platform Pump.fun is facing steep selling pressure, with its price plunging over 24% in the past 24 hours. Trading at $0.005599 , PUMP declined steadily from its intraday high of $0.0074, following a chaotic launch we...
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