PUMP Crashes 14% Below ICO Price After Founder Rules Out Airdrop
1PUMP Token
pump.fun
Alon Cohen noted that the PUMP airdrop “is not going to be taking place in the immediate future.”
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Sujha Sundararajan
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Sujha Sundararajan
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July 24, 2025
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PUMP, the native token of Pump.Fun, dropped over 14% in 24 hours after founder Alon Cohen confirmed that there is no immediate token airdrop.
During a live with Michael “ThreadGuy” Jerome, Alon noted that the PUMP airdrop “is not going to be taking place in the immediate future.” He added that the team will inform investors of any details or timelines once they become available.
Alon noted that the company aims to reward the community that helped build a platform with the airdrop.
“We want to make sure that it is a meaningful airdrop and it is executed well,” Alon said. “We’re actually focusing on bringing back a lot of that attention and hype to our ecosystem. That being said, the airdrop is not going to be taking place in the immediate future.”
The memecoin launchpad initially priced its token at $0.004 during its ICO, representing 12.5% of the total 1 trillion supply. PUMP hit its all-time high (ATH) on the first day of trading, July 16, at $0.0068. Since then, the token has dropped by roughly 50%.
PUMP Downward Scenario – What Can Investors Expect?.
According to the founder, the platform prioritizes...
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