Pumpfun (PUMP) is under pressure due to the delay of the Airdrop, with a single-day big dump of 12%.

The PUMP Token faced a new round of selling pressure after its co-founder Alon Cohen announced that the Airdrop plan would be postponed, with the price plummeting 12% in a single day. This drop caused the price of PUMP to fall below the initial ICO price, further exacerbating the decline of over 50% since the ICO.

PUMP price falls due to Airdrop delay

The PUMP price fell by 12%, dropping below $0.004, a level lower than its initial ICO price. Alon Cohen, co-founder of Pumpfun, confirmed during a live interview with Michael "ThreadGuy" Jerome that the Airdrop plan is still on the roadmap, but it will not happen in the near future.

Cohen explained, "We hope the Airdrop can have practical significance and be well executed. The team's current focus is on driving ecosystem growth and trading volume." He further stated that the Airdrop will not happen in the near future, and the team will provide any specific timelines or details in the future.

The Pumpfun platform has experienced a short-term bubble

Pumpfun was launched in early 2024 and quickly became a popular platform on the Solana network, allowing users to create memecoins in just a few minutes. The platform rapidly approached $1 billion in revenue due to its popularity in the meme coin market, and its public token sale sold out within minutes, with the PUMP price briefly surging 16% in pre-market trading on Hyperliquid. However, the momentum of the price increase quickly diminished as the actual utility failed to live up to the early hype.

Despite the price pullback of PUMP, Cohen still insists that the airdrop plan is still in place, just postponed. He added that the team hopes to regain attention and hype in a natural way, rather than relying on giveaways like airdrops.

Market concerns over the delay of the Airdrop

Currently, the news of the delayed Airdrop puts greater market pressure on the PUMP Token. Cryptocurrency enthusiast Shotgun stated that the PUMP price has hit a new low of $0.00337 and warned that, since Airdrop mining is no longer driving demand, the platform must prove that it can independently sustain the vitality of the ecosystem.

An early user claiming a trading volume of over $1 million criticized the team for "betraying" loyal supporters. He pointed out, "You can't rely on community support while building the platform and then turn your back when it's time to give back that support." He compared this behavior to the controversial decision by OpenSea to delay the Airdrop.

PUMP Price Outlook:

Currently, the PUMP price is still under pressure, and the future of the project may depend on whether its ecosystem can establish substantial demand without Airdrop speculation.

Conclusion: Currently, the PUMP Token is still facing downward pressure, and market sentiment is negatively affected by the news of the delayed Airdrop. The future direction of the project will depend on whether the Pumpfun ecosystem can achieve long-term growth and attract real users and demand without the hype of an Airdrop. If the team can focus on enhancing platform functionality and building a healthy market foundation, the PUMP Token still has the potential to recover and welcome new growth opportunities.