Pump token's value drops by 20% due to the delay in the airdrop announcement by the founder of Pump.fun
In the world of cryptocurrencies, the Solana-based PUMP token has seen a significant setback in recent days. The daily trading volume of PUMP has dropped 66% to nearly $1 billion, reflecting strong bearish sentiment among traders.
This downturn follows a 50% drop in the PUMP price over the past two weeks, since its pre-sale. The token's value has crashed another 20%, leaving it trading under $0.0030. This price decline has resulted in early investors liquidating huge amounts of tokens valued in the millions, exacerbating the downward momentum.
The current status of the PUMP airdrop is that there are no immediate plans to conduct it, as confirmed by Pump.fun co-founder Alon Cohen in late July 2025. Cohen emphasized that although the airdrop is still intended to happen, it has been delayed because the team wants to avoid triggering early sell-offs and prefers to first strengthen the ecosystem and trading activity. He indicated they want the airdrop to be meaningful and well-executed rather than rushed.
This delay and lack of clear timeline have caused significant market disappointment, triggering the sharp sell-off. The market reaction reflects concerns over the project’s transparency and sustainability without near-term airdrop incentives, exposing PUMP’s vulnerability.
Regarding future plans, Cohen stated the team’s priority is to boost ecosystem growth and trading volumes before proceeding with the airdrop. No concrete timeline or detailed eligibility criteria have been given yet. Cohen remains committed to eventually delivering the airdrop but is choosing to delay it in order to better "bring back attention and hype" organically rather than relying on giveaways.
Machi Big Brother, a major PUMP holder, continues to increase his long positions despite facing over $5.8 million in unrealized losses. Blockchain analytics firm Lookonchain reported that the sell-off was likely linked to private sale investors. Other private wallets are also dumping their PUMP tokens in large numbers.
The PUMP token debuted at $0.004 during its ICO and jumped to $0.0067 after the launch event. However, the recent sell-off occurred at a price of $0.00305.
In summary, the PUMP team is taking a cautious approach amid market pressures, with community trust weakened due to the delay and absence of clear communication about the airdrop specifics. The future outlook for PUMP remains uncertain, with the airdrop planned but indefinite in timing, and details pending.
The recent financial setback of the PUMP token, with its value crashing and daily trading volume plummeting, is causing concerns among investors about the project's sustainability and transparency, due to the delay and lack of clear information regarding the upcoming airdrop.
The PUMP team's decision to prioritize boosting ecosystem growth and trading volumes before proceeding with the airdrop, without providing a concrete timeline or detailed eligibility criteria, is contributing to the uncertainty surrounding the token's future.
