#Pumpfun

Trade pump now . . bearish sentiments😡😡😡😡😡$PUMP

𝙋𝙪𝙢𝙥.𝙛𝙪𝙣’𝙨 𝙋𝙐𝙈𝙋 𝙏𝙤𝙠𝙚𝙣 𝙁𝙖𝙡𝙡𝙨 𝘽𝙚𝙡𝙤𝙬 𝙄𝘾𝙊 𝙋𝙧𝙞𝙘𝙚, 𝙃𝙤𝙬 𝙇𝙤𝙬 𝙒𝙞𝙡𝙡 𝙋𝙧𝙞𝙘𝙚 𝙂𝙤?

Pump.fun’s PUMP token has dropped below its presale price, triggering fresh panic among retail traders. The token is now trading around $0.00406, down nearly 21% in the past 24 hours. The selloff intensified even after listing on major exchanges like OKX and BitMEX.

According to CoinMarketCap data, PUMP token’s market cap has reduced to $1.43 billion. Despite over $1.1 billion in 24-hour trading volume, bulls failed to hold support zones. The earlier high near $0.00522 has now become resistance, as sellers continue to dominate the token’s market.

Based on BitMEX data shared on X, 59.6% of early investors have already sold or transferred their PUMP tokens. However, only 3% of this group have increased their holdings.

This suggests fading confidence, despite earlier optimism after the ICO raised $448.5 million from 10,145 participants. According to Coinalyze data, open interest in perpetual contracts has also declined 16.3% in one day, now standing at $629.2 million.

A chart shared by @CryptoA4 on X shows oversold signals on the Stochastic RSI and a possible bounce forming. The post claims “the bottom is in,” but confidence in that view remains low.

Unless a new announcement shifts momentum, the path of least resistance appears downward. After its public sale, Pump.fun’s PUMP token went live on multiple crypto exchanges, notably, Kraken, Bybit, KuCoin, and MEXC. However, token’s price still dropped after the listings.