Pump.fun token slides 7.6% as a late rebound trims its loss

Pump.fun ($PUMP) traded at $0.00567 at 5:38 p.m. ET on Thursday, Oct. 8, down 7.6% in 24 hours, according to CoinGecko. The Pump.fun token slides with a weaker Solana ($SOL) market, but an evening rebound has trimmed part of the loss.

The quick take

Price: $PUMP at $0.00567, -7.6% ↓ in 24 hours and -4.2% ↓ in seven days (CoinGecko, 21:38 UTC).
Trigger: The steepest drop came between 11 a.m. and noon ET, the same hour $SOL fell hardest. The cause is not confirmed.
Watch: Whether the evening rebound holds above the day’s low of $0.00529.

What happened

CoinGecko’s 24-hour range for $PUMP ran from a high of $0.00637 to a low of $0.00529. The token is still up 32% over 30 days. It sits 35% below its record high of $0.00882 from Sept. 14, 2025.

On Binance’s PUMP/USDT pair, the sharpest hour came between 11 a.m. and noon ET. The price fell 5.2% in that hour, from $0.00576 to $0.00546. It hit its lowest hourly close of $0.00538 at 2 p.m. ET, then climbed 5.6% to $0.00568 by 5:41 p.m. ET.

Why it moved

The cause of the drop is not confirmed. The move came on a weak day for the wider market. $SOL fell 4.9% in 24 hours to $109.89, according to CoinGecko.

On Binance, $SOL lost 3.5% in the same late-morning hour that hit $PUMP hardest. Bitcoin ($BTC) slipped 2.0% and Ether ($ETH) 3.7% over 24 hours, according to LiveCoinWatch.

Who’s buying and selling

Buyers still made more trades than sellers. In the token’s largest pool, PumpSwap’s PUMP/USDC pool, DexScreener counted 11,353 buys and 9,448 sells over 24 hours. GeckoTerminal showed a similar split, with 11,341 buys and 9,360 sells.

That pool holds about $26.4 million in liquidity. Across all markets, CoinGecko put 24-hour trading volume at $436.9 million, against a market value of $2.63 billion.

The platform behind the token kept earning. DefiLlama shows Pump.fun revenue of $1.72 million over 24 hours and $12.41 million over seven days. Its PumpSwap exchange held $375.6 million in deposits.