PUMP Token Plummets 40%—But Could This Unexpected Move Spark a Massive Comeback?
Key Takeaways
PUMP token has dropped over 40% due to heavy sell-offs by top holders. Despite bearish sentiment, exchange outflows and oversold RSI suggest possible accumulation and a potential rebound.
The recently launched Pump.Fun [PUMP] has seen a significant decline, dropping below its Initial Coin Offering (ICO) price.
According to CoinMarketCap data, the token has lost over 40% of its value since launch and continues to fall.
Why is the PUMP’s price falling?
At the time of writing, the asset has recorded another 15% dip and was trading at $0.00368. During this period, participation from traders and investors has increased.
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