Crypto Catastrophe: PUMP Price Plummets while Founder’s Airdrop Goes Awol!

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Ah, PUMP, that dashing native cryptocurrency of our beloved Solana-based launchpad Pump.fun! How the mighty have fallen, slipping another 20% with the grace of a drunken ballet dancer, under the cursed threshold of $0.30! As if this were some tragic farce, our esteemed founder, Alon Cohen, has the audacity to inform us that the fabled airdrop may remain locked in the vault longer than a distillery’s finest whiskey. My dear readers, PUMP’s price has boldly decided to descend a remarkable 50% in the mere span of two weeks since its pre-sale escapade! 🍷

PUMP’s Price Plummets Amid Airdrop Anticipation

This little PUMP token, which so gallantly debuted at a staggering $0.004 during its ICO, reveled in a fleeting moment of glory, bouncing up to $0.0067 at the launch party. However, it seems that fortune is frowning, as PUMP has decided to engage in sideways discourses of mediocrity, correcting itself by 50% in today’s divine comedy of errors.

Earlier this week, PUMP’s price, in a dramatic turn of events, catapulted below the noble ICO price, ignited by Alon Cohen’s proclamation that an airdrop is reminiscent of a mirage—a pretty sight but without a drop of refreshment! In a riveting interview on July 24 with the ever-astute Michael “ThreadGuy” Jerome, Alon declared:

“When it comes to the airdrop, as we promised when we initially announced the TGE, there will be an airdrop. That should come as no surprise to anybody. We’re going to keep our word, and our goal with that airdrop is to obviously reward the community that helped build a platform that… has flourished for the past one, one and a half years.”

Ah, the charm of long-term growth! Alon, in all his wisdom, insisted they are determined not to rush through the airdrop—no, no! It must be “meaningful” and “executed with flair.” One can only hope they’re using the finest quill for those elegant invitations! 🖋️

“We’re actually focusing on bringing back a lot of that attention and hype to our ecosystem. That being said, the airdrop is not going to be taking place in the immediate future, but we will be, you know, we will communicate any timelines or any details, whatever those details are, are available,” he chirps, like a proud rooster too eager to find a worm.

Machi Big Brother: The Unbreakable Warrior of PUMP! 📉

Our heroic narrative continues! The PUMP price has plunged in a theatrical flair, crashing another 20%, bowing under the weight of its own misfortunes, settling beneath the grand price of $0.0030. Behold, the daily trading volume has tumbled like a bag of potatoes, dropping a whopping 66% to a mere $1 billion. How satisfying for the bears among us!

Yet, amidst this disarray, our valiant Machi Big Brother insists on doubling down on his PUMP long positions. Blithely unaware, or perhaps blissfully resigned, he faces an album of unrealized losses totalling over $5.8 million. One might say he’s the epitome of denial or a hopeful dreamer that a phoenix will arise from this crypto ash heap!

As $PUMP keeps dropping, Machi Big Brother(@machibigbrother)’s $PUMP long position is now down over $5.8M, but he is still doubling down and adding more to his $PUMP long positions.

— Lookonchain (@lookonchain) July 24, 2025

On another note, breathing a collective sigh of relief, other private wallets are orchestrating a grand exit, dumping their PUMP tokens like stale bread at a banquet. Our trusty analysts at Lookonchain reveal that two wallets, likely linked to the ever-elusive private sale investors, have cast off a staggering 1.25 billion PUMP tokens, netting an impressive loss of nearly $3.81 million. Bravo! 👏

2 wallets (likely private sale investors) sold 1.25B $PUMP($3.81M) at $0.00305 in the last 2 hours, losing $1.19M.

— Lookonchain (@lookonchain) July 24, 2025

This dizzying sell-off happened just hours ago, as the PUMP price caffeinated itself at a lively $0.00305, yielding a resounding realized loss of around $1.19 million. Ah, the sweet taste of financial adventures gone awry!

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2025-07-24 13:33