Pump.fun's $PUMP Token: The Hype Meets Reality

The $PUMP token launched with fireworks just days ago.

It started strong at $0.004 during its ICO before rocketing 90% higher.

But the celebration didn't last long.

By July 19, the price had crawled to just $0.004246 - barely above launch.

The token briefly kissed $0.006812 on July 16 before crashing 37%.

Now it's stuck in no man's land between launch price and peak.

What went wrong? Classic pump-and-dump patterns played out in real time.

Early buyers took profits, leaving latecomers holding the bag.

Without real utility or demand, these meme coins often flame out fast.

The lesson? Hype can lift prices temporarily, but substance keeps them there.