The $PUMP token has plummeted to $0.0037 as early backers offload billions, raising concerns of further declines in the meme token market.
The $PUMP token has dropped 34% in 24 hours, trading at $0.0037, following significant sell-offs by early investors. The token, which raised $500 million in its ICO, is facing increased pressure as major holders liquidate their positions, with one wallet alone depositing 17 billion tokens onto exchanges. This trend reflects growing investor unease and could signal deeper price declines as buying interest wanes.