The post Pump.fun’s Solana Token Falls Below ICO Price as Hype Cools Ahead of PUMP Airdrop appeared on BitcoinEthereumNews.com.

In brief The PUMP token has dropped 45% from its all-time high, and is now trading lower than its initial coin offering valuation. Pump.fun raised $600 million in 12 minutes earlier this month, selling its token for $0.004. It comes as users appear to be growing frustrated over the lack of airdrop details, while a rival launchpad is also gaining steam. Just over a week after launch, Pump.fun’s token has stooped below its initial coin offering price—which raised $600 million in just 12 minutes earlier this month. This means that everyone who bought the token in that sale is now at a loss. It comes as PUMP has dropped 15% over the past 24 hours, according to DEX Screener, to a price of $0.003767. That’s 5% lower than the ICO valuation of $0.004. It comes as the Pump.fun community appears to be growing restless that an airdrop date hasn’t been announced, and the platform continues to lose market share to new rival LetsBonk. Pump.fun is a Solana launchpad that allows anyone to create a token by filling out a short form, free of charge. Over its 18-month lifespan, Pump.fun has generated $774 million in revenue and been used to create nearly 12 million tokens. That’s why its initial coin offering sold out in just 12 minutes, its token launch was hotly anticipated, and its confirmed airdrop was eagerly awaited. Following its launch last Monday, the PUMP token surged 72% from its ICO price to a high price of $0.006878. In part, this jump in value was spurred by a day of buybacks worth $19.24 million from Pump.fun. Since then, the buybacks have decreased in size—to just $125,000 on Sunday—and the token’s value has sagged 45% from its all-time high. In the official token announcement, Pump.fun confirmed that an airdrop was…

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Filed under: News - @ July 22, 2025 9:33 pm