PUMP Token Drop 14% Because Big Whale Dump And Airdrop Delay
PUMP Token drop diep pass 14% inside 24 hours after the founder Alon Cohen talk say the airdrop get no fixed time. The token wey start for $0.004 during im ICO and reach up to $0.0068 on July 16, now dey trade close to $0.0031 after two private-sale wallets dump 1.25 billion PUMP for $0.003 and suffer loss of $1.19 million. Big trader ‘Machi Big Brother’ Huang still post $5.8 million long-position losses as selling pressure dey increase. On-chain data show say PUMP still dey below im 50- and 100-day EMAs, the 1D RSI stay for 55 and the 3-hour MACD dey below im signal line. This whale dump plus the delay for the airdrop don make bearish momentum strong and scare traders, sign say market still go dey volatile for Pump.Fun token.
Bearish
The combined impact of delayed airdrop plus big whale dump don cause heavy selling pressure for PUMP Token. Key technical indicators—like drop below 50- and 100-day EMAs, 1D RSI stand for 55 with room to go down, plus 3-hour MACD dey below im signal line—dem dey support bearish outlook. Big losses from private-sale wallets ($1.19 million) and one major trader ($5.8 million) don shake market confidence. For short term, traders need make ready for ongoing wahala and possible further price drops. Long-term recovery go depend on real ecosystem progress and clear airdrop plans.