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PUMP Crashes 15%: Growing Doubts Over Pump.Fun’s Sustainability
In a shocking turn of events, the Pump.Fun token has plummeted by over 15%, casting doubts on the sustainability and future prospects of this once-promising project. The drastic decline is attributed to nearly 60% of presale wallets offloading their PUMP holdings, sparking a frenzy of sell orders that pushed the token down to roughly $0.004470.
Despite its initial success, Pump.Fun’s performance has raised concerns about the company’s ability to maintain momentum and justify its lofty valuation. The recent crash has highlighted the growing doubts surrounding the platform’s long-term growth potential and fee-driven model.
Industry insiders warn that without a resurgence in new token launches, Pump.Fun may struggle to sustain its current pace, as fewer meme projects flock to its platform, further exacerbating revenue pressures.
Source: crypto-economy.com
