Pump.fun’s PUMP Token Peaks Then Plummets—Is the Party Over?
2025-07-19 15:47:20
Main Idea
Pump.fun's PUMP token experienced a rapid price surge after its ICO but has since declined significantly, raising questions about its sustainability.
Key Points
1. PUMP launched at $0.004 during its ICO on July 12, briefly peaked at $0.006812 on July 16, but has since dropped over 37% from its high.
2. As of July 19, PUMP was trading at around $0.004246, just 8.5% above its record low of $0.003908.
3. The token's market capitalization is approximately $1.5 billion, with 354 billion PUMP in circulation.
4. Trading volume has been low, with daily transactions under $1 billion, and Bybit is the most active trading venue for PUMP.
5. Wallet holdings and transfer activity have increased significantly, from 10,145 wallets on July 13 to 52,901 by July 19.
Description
Pump.fun’s freshly minted token, PUMP, has hit a few speed bumps since its debut on July 12. Originally offered at $0.004 during the platform’s initial coin offering (ICO), it’s barely nudged higher a week later, hovering at just $0.004246 per token. PUMP Hype Cools as Price Sinks Well Below Launch High Pump.fun’s coin blasted off
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