The PUMP token from the Pump.fun platform continues to decline in price, falling 25% below its initial ICO value. Key market players have started actively selling off their assets, exacerbating the market situation.
Overall Decline of PUMP Token
In the last 24 hours, the PUMP token has dropped over 13.8%, trading at $0.003. At one point its price declined 25% relative to the ICO price after an initial peak. Sellers have started to dominate despite the launch of trading on centralized exchanges like Gate, MEXC, and Bitget.
Major Buyers Shed Assets
On-chain data shows that two major investors who acquired tokens at the ICO have quickly started selling off their assets. One large buyer, identified as PUMP Top Fund 1, initially spent $100M to acquire 25B tokens, but soon deposited 17B tokens on exchanges. Another major buyer, PUMP Top Fund 2, bought 12.5B tokens and also sold them, locking in roughly $71.75M in profit. These actions followed similar sell-offs by earlier whales who offloaded their assets right after the launch.
Comparison with Other Meme Token Platforms
Pump.fun continues to lag behind other platforms like LetsBonk, which generates over 22K tokens daily. While Pump.fun generates around 8,000–10,000 tokens over the past two months, LetsBonk achieved $1.84M in daily fees. Meanwhile, Pump.fun and its DEX PumpSwap reported about $1.21M in fees with low token activity, raising serious concerns about user retention.
The current price decline of the PUMP token is a result of active actions by major investors who have started to sell off their assets. The decline reflects general dissatisfaction among users and highlights Pump.funs' lagging performance compared to successful meme platforms, raising questions about its future in the market.
