Key Takeaways:
Pump.Fun airdrop is still planned, but no official timeline or eligibility criteria have been announced. Founder Alan says the delay is meant to avoid a “sell the news” crash, but the lack of transparency is frustrating users. Pump.Fun token has dropped over 50% since launch, and investor confidence continues to weaken without clear updates.After a weak post-ICO performance, the Pump.Fun (PUMP) token has lost nearly half its value.
Following the Initial Coin Offering (ICO) in mid-July, expectations were high. However, the token has dropped by nearly 50% within a week, disappointing early holders and traders. The latest blow came on July 24, when Pump.Fun co-founder Alan Cohen confirmed during an interview with TreadGuy that the airdrop would not happen any time soon.
‘We’re Going to Keep Our Word’
Alan addressed the airdrop directly for the first time, saying:
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.
While this may reassure some holders, the lack of concrete details has only added to market uncertainty. Alan said the airdrop will not happen in the immediate future and gave no hints about eligibility. He also claimed that fewer than five people in the world know the real criteria and dismissed most rumors as false.
The team appears to be cautious about market reaction. According to Alan, they want to avoid a typical “sell the news” event where users dump tokens after claiming them:
We want it to be an event that boosts our ecosystem rather than taking away. The entire Pump.Fun ecosystem and the Solana ecosystem at large is going to see a massive injection, and for that to actually be sustainable.
Still, some critics argue that the delay may reflect internal doubts or concerns about low demand after the drop.
Token Slides and Whales Exit
Following the interview, the PUMP token fell from $0.004 to $0.0029 — a 27% drop. Compared to its all-time high of $0.0068, the total decline now stands at around 57%.
Source: TradingViewThe Pump.Fun airdrop is technically still planned, but there has been no formal announcement from the team. The only mention of the delay came during the interview. This lack of communication has frustrated many holders.
Some investors believe the price is being suppressed intentionally to let larger players enter at a discount. Others are turning their attention to LetsBonk, where momentum continues to grow.
There are signs of whale exits. According to Mob Screener, at least two large sell-offs of around $45,000 each occurred shortly after the interview.
Source: Mob ScreenerDespite price weakness, Pump.Fun currently leads decentralized meme coin trading. As of July 24, it recorded $25 million in daily DEX volume, outperforming rival Useless Coin (USELESS), the mascot token of the LetsBonk ecosystem.
Sentiment Turns Cautious Amid Delays Of Pump.Fun Airdrop
Some users have pointed to an older post by Alan about what makes a successful token launch. Critics say Pump.Fun is now failing on both counts: unclear strategy and missed expectations.
The lack of transparency around the Pump.Fun airdrop continues to weigh on community sentiment. Without a clear update, further price pressure is likely.
If the airdrop eventually lands and delivers real value to users, it could help the token recover. But for now, traders are growing impatient — and rival meme coin platforms are gaining ground.
The post Pump.Fun Airdrop Uncertainty Sends Token Crashing Another 27% appeared first on Cryptonews.
