Pump.fun token slides 6.9% as a sharp Tuesday drop deepens

Pump.fun’s token fell 6.9% in 24 hours to $0.003417 as of 10:40 a.m. ET on Tuesday, with a 4.5% drop packed into 41 minutes.

The quick take

Price: $PUMP at $0.003417, down 6.9% in 24 hours (CoinGecko, 10:40 a.m. ET).
Trigger: A 4.5% drop in 41 minutes after 10 a.m. ET on Binance’s PUMP/USDT pair. No Pump.fun announcement explains it yet.
Watch: Whether the token can climb back above the day’s earlier low of $0.003457.

Pump.fun ($PUMP) had a calm Monday, but the Pump.fun token slides 6.9% over 24 hours as a sudden drop hits Tuesday trading. It traded at $0.003417 at 10:40 a.m. ET, according to CoinGecko.

Jupiter’s price feed showed $0.003408, down 7.2%, a gap of just 0.3% from CoinGecko. The token’s market value stands near $1.57 billion, with $80.2 million traded in 24 hours.

What happened

For most of the past day, $PUMP moved in a narrow band. On Binance’s PUMP/USDT pair, hourly closes stayed between $0.003507 and $0.003683 from 10 a.m. ET Monday to 10 a.m. ET Tuesday.

Then the floor gave way. The pair closed the 10 a.m. hour at $0.003568 and stood at $0.003408 by 10:41 a.m. ET. That is a 4.5% drop in 41 minutes.

The fall pushed the token under CoinGecko’s earlier 24-hour low of $0.003457. The day’s high was $0.003683.

Why it moved

The cause is not confirmed. We found no Pump.fun announcement in the window that would explain the drop.

The wider market was weak too. Solana ($SOL) was down 5.6% at $82.69 on CoinGecko. Bitcoin ($BTC) traded near $73,486, down 2.0%, according to LiveCoinWatch.

Weekly readings differ by source. CoinGecko shows $PUMP down 15.7% over seven days, while CoinPaprika shows a drop of 19.0%.

Who’s buying and selling

Sellers led in the biggest pool. The PUMP/USDC pool on PumpSwap logged 3,277 sells against 2,314 buys in 24 hours, according to GeckoTerminal. It holds about $20.9 million in liquidity.

The picture was more even on Orca. Its PUMP/SOL pool showed 8,070 buys and 7,728 sells, DexScreener data shows, with $2.24 million in liquidity.

What to watch next

Pump.fun’s own business is still busy. DefiLlama’s latest 24-hour reading puts the platform’s revenue at $845,700, and $6.69 million over seven days.

Its PumpSwap exchange also led Solana’s DEXs with $256.1 million in 24-hour volume, per DefiLlama. Traders will watch whether that activity steadies the token after a sharp morning.

Bottom line: The Pump.fun token gave up a quiet day’s range in under an hour, and the reason is still unclear.