PUMP crashes over 50% post-ICO as founder says airdrop not coming quickly

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Key Takeaways

PUMP is down greater than 50% since its pre-sale, because the meme coin launchpad’s airdrop buzz runs out of steam.
Alon stated the workforce would announce the timeline and full particulars concerning the airdrop when every part is finalized.

PUMP, the native token of meme coin launchpad Pump.enjoyable, has plunged over 50% in lower than two weeks following its pre-sale, as airdrop hype fades.

The token, initially priced at $0.004 throughout its ICO, surged to $0.0067 following the launch occasion however shortly retraced under $0.005 within the days after. As of Tuesday, it slipped under its ICO value and continued falling right this moment after challenge chief Alon Cohen stated an airdrop shouldn’t be coming quickly.

“With regards to the airdrop, as we promised after we initially introduced the TGE, there will likely be an airdrop. That ought to come as no shock to anyone. We’re going to maintain our phrase, and our purpose with that airdrop is to clearly reward the neighborhood that helped construct a platform that…has flourished for the previous one, one and a half years,” stated Alon in a Wednesday interview with Michael “ThreadGuy” Jerome.

“We wish to make it possible for it’s a significant airdrop and it’s executed properly,” Alon added, noting that the workforce is specializing in the ecosystem’s long-term progress.

“We’re truly specializing in bringing again lots of that focus and hype to our ecosystem. That being stated, the airdrop shouldn’t be going to be going down within the quick future, however we will likely be, , we’ll talk any timelines or any particulars, no matter these particulars are, can be found,” he stated.

Traders’ sentiment round PUMP seems to be blended. In line with knowledge tracked by Lookonchain, Jeffrey Huang, generally often called Machi Massive Brother, has added to his PUMP lengthy place regardless of being down over $5.8 million amid the token’s steep decline.

As $PUMP retains dropping, Machi Massive Brother(@machibigbrother)’s $PUMP lengthy place is now down over $5.8M, however he’s nonetheless doubling down and including extra to his $PUMP lengthy positions.https://t.co/T0DJNDGd53 pic.twitter.com/w3aDcxxCgD

— Lookonchain (@lookonchain) July 24, 2025

The wallets linked to personal sale buyers, alternatively, bought over 1.2 billion PUMP at $0.003 prior to now two hours, leading to a lack of roughly $1 million.

2 wallets (possible non-public sale buyers) bought 1.25B $PUMP($3.81M) at $0.00305 within the final 2 hours, dropping $1.19M.https://t.co/5tx1g9vs6L https://t.co/msm0ONmniu pic.twitter.com/glyBDgHfL8

— Lookonchain (@lookonchain) July 24, 2025