PUMP Plummets 50% Post-ICO—Founder’s Shocking Delay on Airdrop Sparks Frenzy Investors Can’t Ignore!
PUMP, the native token of meme coin launchpad Pump.fun, has plunged over 50% in less than two weeks following its pre-sale, as airdrop hype fades.
The token, initially priced at $0.004 during its ICO, surged to $0.0067 following the launch event but quickly retraced below $0.005 in the days after. As of Tuesday, it slipped below its ICO price and continued falling today after project chief Alon Cohen said an airdrop is not coming soon.
“When it comes to the airdrop, as we promised when we initially announced the TGE, there will be an airdrop. That should come as no surprise to anybody. We’re going to keep our word, and our goal with that airdrop is to obviously reward the community that helped build a platform that…has flourished for the past one, one and a half years,” said Alon in a Wednesday interview with Michael “ThreadGuy” Jerome.
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