Crypto Turmoil: PUMP Price Falls Below ICO Level

1. PUMP Token Plummets Below ICO Price

Less than two weeks after launch, the price of PUMP token has dropped to $0.003767—lower than its ICO price of $0.004. This means that all investors who bought tokens during the ICO are currently at a loss.

In the past 24 hours alone, the token has lost another 15% of its value and is now trading 45% below its peak of $0.006878, which was driven by a $19.24 million USD buyback campaign from Pump.fun. That reserve has since dwindled to just $125,000.

The crypto community is in turmoil as PUMP airdrop remains delayed

2. Community Frustrated Over Delayed Airdrop

Pump.fun had promised an airdrop “coming soon,” but more than two weeks after the initial announcement, there is still no clear schedule. Users have started spamming posts on the project's X (Twitter) account and co-founder Alon Cohen’s personal account, demanding updates or price recovery.

Cohen has further confused the community by posting cryptic images—like PUMP pills arranged in a pyramid—with captions like “Think harder,” alongside ever-changing airdrop timelines: initially July 2, then 12, then 15, and now back to the 2nd.

3. PUMP Falls Out of Top 100, BONK Surges Ahead

Currently, PUMP ranks #99 by market capitalization—on the verge of falling out of the top 100. Meanwhile, BONK—a Solana-based meme coin and direct competitor—has surged 56.7% in the past two weeks, reaching a market cap of $2.7 billion, double that of PUMP’s $1.3 billion.

According to data from Myriad Markets, there is a 96% probability that BONK will surpass PUMP in market cap before the end of the month—almost a certainty.

4. LetsBonk: A New Rival Overtaking Pump.fun

In 14 out of the past 15 days, LetsBonk—a launchpad developed by the BONK community—has led the new token creation market on Solana, overtaking Pump.fun’s dominance.

This indicates that not only is hype insufficient to sustain PUMP’s price, but there is also a real shift in trust and capital toward its competitor BONK.

5. Conclusion: Does PUMP Still Have a Chance to Rebound?

Once a sensation with an ICO that raised $600 million in just 12 minutes, Pump.fun now struggles with community pressure, eroding trust, and growing competition. Unless a clear airdrop schedule is announced and the token value recovers, PUMP risks spiraling into further chaos.