The cryptocurrency market witnessed significant turmoil across meme coin assets following the postponement of Pump.fun’s highly anticipated airdrop. The platform’s native PUMP token plunged nearly 18% in 24 hours, while the broader meme coin sector collectively declined over 10%, signaling heightened market sensitivity and shifting investor sentiment toward speculative assets.
Leading meme coins including Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) fell approximately 7% during the pullback. Only BONK bucked the trend with a 3.2% daily gain. Predictive analytics revealed a stark drop in the probability of Pump.fun executing its airdrop by month-end – plummeting from 86.6% to just 3% – highlighting the inherent risks and volatility within meme token economics.
Countering the downward pressure, REKT surged 21.7% following the announcement of a Binance.US collaboration, demonstrating how strategic partnerships can deliver organic price appreciation beyond pure speculation. Concurrently, predictive markets now estimate a 71% probability that PUPM will secure listings on major exchanges like Binance or Coinbase, a substantial increase from 40% days earlier, offering investors potential recovery catalysts.