PUMP Plummets 14% Below ICO as Founder Kills Airdrop Hopes—Here’s Why Traders Are Fuming

Another day, another crypto rug-pull—or at least that's what bagholders are screaming after PUMP nosedived below its initial offering price.

The crash comes just hours after the project's founder bluntly shut down rumors of an airdrop, proving once again that in crypto, 'community rewards' often mean 'exit liquidity.'

Blood in the water: PUMP's 14% freefall below ICO price shows what happens when hype collides with reality. No airdrop means no artificial demand—just a chart that looks like a cliff diver mid-leap.

Silver lining? At least it's not a 90% drop... yet. But with founders who treat tokenomics like a magic trick (now you see your money, now you don't), would anyone be surprised?

PUMP Downward Scenario – What Can Investors Expect?

According to the founder, the platform prioritizes long-term development over short-term incentives, emphasizing fair airdrop launch protocols.

However, declining user activity has raised questions about the short-term Pump.Fun price prediction, considering PUMP’s distribution and current trading volumes.

As a result, the token plummeted more than 40% in the last 7 days, according to CoinMarketCap data. The overall market cap of the token is down 14% and it is currently trading at $0.0031 at press time.

Further, Lookonchain revealed that Jeffrey Huang, commonly known as Machi Big Brother, has added more to his PUMP long position, despite the token’s steep decline. His long position has been down over $5.8 million.

As $PUMP keeps dropping, Machi Big Brother(@machibigbrother)'s $PUMP long position is now down over $5.8M, but he is still doubling down and adding more to his $PUMP long positions.https://t.co/T0DJNDGd53 pic.twitter.com/w3aDcxxCgD

Besides, 2 wallets linked to private sale investors sold more than 1.2 billion PUMP at $0.003 in the past two hours. This has resulted in a loss of $1.19 million.

https://x.com/lookonchain/status/1948189406244012305 The PUMP token’s value is now likely to be driven by the platform’s Core utility rather than airdrop-driven hype. In the immediate term, PUMP holders should anticipate market volatility as investors adjust to the revised n