Pump.fun (PUMP) Fell 25% in Two Weeks, Nearly 3 Times Solana’s Drop. Is Solana’s Memecoin Machine Slowing Down?
24/7 Wall St.
Pump.fun's PUMP token is falling far harder than Solana itself, and the mechanism holding its price up depends entirely on one thing that just started cooling off. This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Pump.fun ( CRYPTO: PUMP ), Solana’s largest memecoin launchpad, has seen its PUMP token fall 23.4% over the last two weeks. In contrast, Solana ( CRYPTO: SOL ) fell 8.5% over the same period. PUMP traded at $0.0042, indicating a steeper decline than its underlying blockchain. This drop has reversed an early-October rally, leaving the token down 5.5% over the past month.
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