Pump.fun’s Bold $PUMP Reward Surge Set to Shake Up the Market—Is LetsBONK Feeling the Heat?
On July 25, LetsBONK generated over $1.3 million compared to Pump.fun’s $254,000.
Dumpster DAO said that the new incentive structure appears aimed at recapturing market share through trader rewards.
The $PUMP token has seen a dramatic loss in value, dropping over 50% following its ICO. Initially priced at $0.004 and peaking at $0.0067, it has now fallen below its ICO price.
The decline was exacerbated when the project chief Alon Cohen announced that an airdrop was not coming soon, which conflicted with investor expectations and contributed to negative market sentiment.
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