Just one week after release, pump.funtokens fell below the initial coin offer price. This raised $600 million in just 12 minutes earlier this month. This means that everyone who purchased the token from that sale is now at a loss.
It comes because the pump has dropped by 15% in the last 24 hours. Dex Screenerpriced at $0.003767. This is 5% lower than the $0.004 ICO rating. The Pump.Fun community has become restless as AirDrop's date has not been announced, and the platform continues to lose market share of its new rival Letsbonk.
Pump.Fun is a Solana Launchpad that allows you to create tokens by filling out short forms for free. Over its 18-month lifespan, Pump.Fun has generated $774 million in revenue and is used to create nearly 12 million tokens. So the initial coin offering sold out in just 12 minutes, with a massive forecast of token launches, and its confirmed airdrops were on the agenda with eager wait.
After its launch last Monday, the pump tokens have skyrocketed 72% from the ICO price to a high price of $0.006,878. In part, this value jump was spurred on the day of buyback Equivalent to $19.24 million From Pump.Fun. Since then, the size of buybacks has decreased –To just $125,000 on Sunday– And the value of the token slacked 45% from its all-time high.
With the official token announcement, Pump.Fun confirmed that the airdrop would “come soon.” Currently, just over a week after the release of the token and two weeks after its announcement, users are feeling restless due to lack of details.
Posts from the official Pump.Fun X account, and Alon Cohen, co-founder of the platform spam by user It's strictly demanding information About or simply want airdrops Pump price It increases.
Cohen also shares some inexplicable posts that have drawn out conspiracy theorists in the community. 1 post Showed A profile photo of the co-founder pointing to the Pump pyramid. Added“Please try harder.”
“They said it was second, then the 12th, then the 15th, now it's saying second again,” Cohen wrote in his second post. “Maybe you'll understand that.”
Think harder
– Alon (@a1lon9) July 20, 2025
Pump is now the 99th largest cryptocurrency by market capitalization per Coingecko, and is approaching dropping out of the top 100. Last week, its rating rivals Solana Meme Coin Bonk, the 54th largest coin in the market.
Bonk Community's Pump.Fun rival, Letsbonk, has been responsible for most of the tokens created via Solana Launchpad for 14 of the last 15 days. This is the longest time when rival Launchpad dominates market share, not without attempts.
Over the past 14 days, Bonk has risen 56.7% on valuation to $2.7 billion, reaching market capitalization, more than twice the Pump's market capitalization to more than $1.3 billion. As a result, predictors Countless markets We believe that Bonk will have a greater market capitalization than Pump by the end of the month is essentially guaranteed, or 96% possible.
(Disclosure: Myriad is a developed forecast market DecryptionDastan, the parent company. )
