In only one day, the price of the PUMP token fell by 12%. The much anticipated airdrop will not be occurring anytime soon, according to Pump.fun’s founders.
After Pump.fun co-founder Alon Cohen said that an airdrop is still in the works, but it won’t be happening anytime soon, the price of PUMP dropped 12% and fell below its original ICO threshold.
Investor sentiment turns negative amid sudden airdrop postponement
After reaching a post-ICO high of $0.0067 just weeks ago, PUMP had already fallen more than 50% before the collapse. Following Cohen’s announcement, the token continued to decline and had traded below its $0.004 ICO price by Tuesday.
According to on-chain statistics, major holders were quickly trying to cash out. Lookonchain reports that a loss of $1.19 million occurred when two wallets, linked to private sale investors, dumped 1.25 billion PUMP, which is around $3.8 million, for about $0.00305.
Wednesday, PUMP holders had their fears realized when Alon Co
We współpracy z: https://thenewscrypto.com/pump-token-crashes-12-as-airdrop-delayed/
