Pump.fun token drops 8.0% as Saturday selling deepens its weekly loss
Pump.fun’s token traded at $0.003118 at 10:40 a.m. ET on Saturday, Nov. 14, down 8.0% in 24 hours, according to CoinGecko.
The quick take
- Price: $0.003118, -8.0% ↓ in 24 hours (CoinGecko, 10:40 a.m. ET).
- Trigger: a broad Saturday sell-off; Solana ($SOL) fell 6.9% over the same 24 hours.
- Watch: the 7-day loss of 16.4% and whether Pump.fun’s daily revenue holds near $1 million.
What happened
The Pump.fun token drops 8.0% in 24 hours to $0.003118 as of 10:40 a.m. ET on Saturday, Nov. 14, according to CoinGecko. Pump.fun ($PUMP) traded as high as $0.003547 in that window. Jupiter’s price for the token, read by its address, sat within 0.5% of CoinGecko’s figure.
The loss builds on a rough week. CoinGecko puts the 7-day change at -16.4%, and the market value of all $PUMP tokens at about $1.43 billion.
On Binance’s PUMP/USDT pair, the hourly price peaked at $0.003536 at 3 p.m. ET on Friday. It eased lower through the night and stood at $0.003133 by 10:41 a.m. ET on Saturday.
Why it moved
The drop came during a wide market sell-off. Solana ($SOL) lost 6.9% in 24 hours on CoinGecko, and Bitcoin ($BTC) fell 4.4%, according to LiveCoinWatch.
$PUMP fell further than both over the same 24 hours. The cause of the extra weakness is not confirmed.
Who’s buying and selling
Trading stayed busy. CoinGecko counts $96.9 million in 24-hour volume across all markets for the token.
On the main PUMP/USDC pool on PumpSwap, DexScreener shows 9,961 buys and 9,578 sells over 24 hours, with $19.9 million in liquidity. GeckoTerminal reads the same pool at 9,947 buys and 9,549 sells. Buys slightly outnumbered sells by count, but counts do not show the size of each trade.
What to watch next
The platform itself is still earning. DefiLlama shows Pump.fun revenue of about $985,000 in its latest 24-hour reading and $6.0 million over 7 days.
Two numbers are worth tracking from here. One is the 7-day change, now a 16.4% loss. The other is whether daily revenue stays near $1 million while the token is under pressure.
Bottom line: The Pump.fun token is down 8.0% in a broad Saturday sell-off, while the platform still earned about $985,000 in a day.
Price data: CoinGecko.
Sources
- CoinGecko: Pump.fun price, 24-hour range, volume and market value (15:40-15:43 UTC)
- Jupiter: $PUMP price by token address (15:41 UTC)
- Binance: PUMP/USDT hourly prices (15:41 UTC)
- DexScreener: PumpSwap PUMP/USDC pool (15:41 UTC)
- GeckoTerminal: PumpSwap PUMP/USDC pool (15:41 UTC)
- DefiLlama: Pump.fun revenue (15:41 UTC)
- CoinGecko: Solana price (15:41 UTC)
- LiveCoinWatch: Bitcoin price (15:41 UTC)
Not financial advice.
