Pump.fun Stagers Fake Jet Crash Amid 30% PUMP Token Slump
Pump.fun livestreamers staged a fake private jet crash on a rented Los Angeles set to farm engagement. The group, including SolJakey, Never Goon, MiniKon and OG Shoots, used FD Photo Studio’s Olympic 4 backdrop. The poorly executed stunt went viral as viewers mocked its obvious props and setting.
This prank coincided with a 29.9% drop in the PUMP token price over 14 days, falling from $0.007950 to $0.004988. Trading volume plunged from $975.76 billion on September 21 to $61.17 million, while market cap sank from $2.8 billion to $1.77 billion. Platform revenue also tumbled, sliding from $3.74 million to $890,460 in a week.
Pump.fun relaunched its livestream feature five months after shutting it down over extreme content. The platform issued its native PUMP token on July 14, raising $500 million in 12 minutes. However, 60% of presale tokens were sold immediately, prompting a buyback program exceeding $100 million since July 16.
Bearish
The fake plane crash stunt on Pump.fun highlights the platform’s struggle to maintain user engagement amid falling activity and token value. Such sensational pranks risk damaging credibility and could deter serious traders. The 29.9% PUMP token drop, massive trading volume collapse and revenue decline signal weak fundamentals and heightened volatility. In the short term, continued price pressure and negative sentiment may drive further sell-offs.
Long term, if Pump.fun fails to stabilize user activity and token demand, the PUMP token could see sustained underperformance. Past extreme-content incidents led to a livestream shutdown, illustrating that regulatory or community backlash may recur. Traders should remain cautious and monitor on-chain indicators before increasing exposure.