Pump.fun PUMP Token Fall 50% Because Airdrop Delay
Pump.fun PUMP token don fall over 50% since e presell price of $0.004. After e launch, e small jump reach $0.0067 but e fall come down pass e ICO price sharp sharp. Private sale wallets dump 1.25 billion PUMP at $0.00305, dem lock in $1.19 million losses. Meanwhile, data wey Lookonchain show say big backer Machi Big Brother still dey collect more even with unrealized loss wey pass $5.8 million.
Founder Alon Cohen don confirm say airdrop go happen but e no dey come soon. Team dey plan to publish official schedule and rules soon. The delayed airdrop wan reward long-term supporters and boost Pump.fun ecosystem. Traders suppose watch well well for renewed interest and still dey ready for market wahala wey fit continue for PUMP token trading.
Bearish
Di news dem show say PUMP token dey under serious downward pressure. Price don drop pass 50% and big private wallet dem dey sell, wey dey show say market no too strong now. The delayed airdrop dey add more uncertainty, fit make short-term sentiment and trading volume low. Even though the eventual airdrop and ecosystem development fit support better movement, lack of clear schedule fit make the wahala last longer. Traders fit remain cautious till clear timeline show, wey mean say short term outlook for PUMP token dey bearish.