Pump.fun suffers steep crash after explosive launch

Description

PUMP, the native token of Solana ( SOL )-based meme coin launchpad Pump.fun, has suffered a sharp reversal following its high-profile debut. At press time, PUMP was trading at $0.00570, down 15% over the past 24 hours, making it the largest loser among the 100 largest cryptocurrencies by market capitalization. The token initially surged to a peak of $0.00968 but has since dropped 41%. PUMP one-day price chart. Source: CoinMarketCap Launched on July 12 through a public token sale , the PUMP ICO r...