{"id":399588,"date":"2025-07-24T14:31:22","date_gmt":"2025-07-24T09:01:22","guid":{"rendered":"https:\/\/dripp.zone\/news\/pump-holders-sell-at-a-loss-as-pump-fun-founder-confirms-airdrop-wont-happen-soon-crypto-news\/"},"modified":"2025-07-24T14:42:45","modified_gmt":"2025-07-24T09:12:45","slug":"pump-holders-sell-at-a-loss-as-pump-fun-founder-confirms-airdrop-wont-happen-soon-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/pump-holders-sell-at-a-loss-as-pump-fun-founder-confirms-airdrop-wont-happen-soon-crypto-news\/","title":{"rendered":"PUMP holders sell at a loss as Pump.fun founder confirms airdrop won\u2019t happen soon &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/07\/FTTT-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/07\/FTTT-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/07\/FTTT-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/07\/FTTT-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/><\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Two wallets dumped 1.25B PUMP coins within 2 hours, incurring $1.19M loss.<\/li>\n<li>The move came after Pump.fun founder confirmed delays in the much-awaited airdrop.<\/li>\n<li>The alt exhibits bearishness amidst community restlessness, down 4% in the past day.<\/li>\n<\/ul>\n<p>Pump.fun\u2019s meme token has failed to keep pace due to massive dumps from key investors.<\/p>\n<p>PUMP has plummeted from its private sale price of $0.004 to $0.002202 amid overwhelming selling pressure since the July 12 public sale event.<\/p>\n<p>The meme token\u2019s sell-off continued today.<\/p>\n<p>Lookonchain data shows two whale wallets, linked to early investors, dumped 1.25 billion PUMP coins within two hours.<\/p>\n<p>The combined sale was worth approximately $3.81 billion and led to losses of over $1.19 million.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">2 wallets (likely private sale investors) sold 1.25B <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24PUMP&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$PUMP<\/a>($3.81M) at $0.00305 in the last 2 hours, losing $1.19M.<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.co\/5tx1g9vs6L\">https:\/\/t.co\/5tx1g9vs6L<\/a><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.co\/msm0ONmniu\">https:\/\/t.co\/msm0ONmniu<\/a> <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.co\/glyBDgHfL8\">pic.twitter.com\/glyBDgHfL8<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/lookonchain\/status\/1948189406244012305?ref_src=twsrc%5Etfw\">July 24, 2025<\/a><\/p>\n<\/blockquote>\n<p>The participants offloaded at $0.00305 per token.<\/p>\n<p><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/news\/pump-funs-pump-token-drops-below-presale-price-whales-dump-160m-to-exchanges\/\">The continued sell-offs<\/a> have stirred concerns among PUMP holders.<\/p>\n<p>While enormous token sales from early investors are usual in the digital assets space, the timing and scale of Pump.fun\u2019s sale, combined with disappointing updates about the much-awaited airdrop, magnified the bearish momentum.<\/p>\n<h2>Pump.fun founder confirms no immediate airdrop<\/h2>\n<p>While analysts speculated that delayed airdrop prompted the considerable token dumps, Pump.fun\u2019s founder has cemented this fact.<\/p>\n<p>The meme generator\u2019s founder, Alon Cohen, addressed the airdrop concerns during an interview with Michael ThreadGuy Jerome on Wednesday.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udea8 NEW: Alon confirms the airdrop will not take place in the immediate future. <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.co\/H3U6JhxJR7\">pic.twitter.com\/H3U6JhxJR7<\/a><\/p>\n<p>\u2014 Crypto Briefing (@Crypto_Briefing) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/Crypto_Briefing\/status\/1948118762676179429?ref_src=twsrc%5Etfw\">July 23, 2025<\/a><\/p>\n<\/blockquote>\n<p>Alon confirmed that the project will hold an airdrop.<\/p>\n<p>However, he emphasized that the giveaway event will have to wait, as the current priority remains ecosystem development and long-term growth.<\/p>\n<p>Alon clarified that Pump.fun targets a well-executed and meaningful giveaway that rewards the community instead of rushing to meet hype-fueled deadlines.<\/p>\n<p>He said:<\/p>\n<blockquote>\n<p>We want to make sure that it is a meaningful airdrop and it is executed well. We\u2019re actually focusing on bringing back a lot of that attention and hype to our ecosystem. That being said, the airdrop is not going to be taking place in the immediate future.<\/p>\n<\/blockquote>\n<p>Alon added that they will communicate any details and timelines when it\u2019s appropriate.<\/p>\n<p>While the explanation may have made sense to some, others view it as a delay that signals internal uncertainty or fading momentum.<\/p>\n<h2>Private investors exit Pump.fun<\/h2>\n<p>Despite official confirmation, on-chain experts have identified addresses dumping PUMP as those that purchased during the early public sale period.<\/p>\n<p>The most alarming thing is the participants are opting to exit at a loss.<\/p>\n<p>That could only indicate two things: a lack of trust in PUMP\u2019s short-term performance or strategic exits before a liquidity crunch.<\/p>\n<h2>PUMP price action<\/h2>\n<p>Pump.fun\u2019s native token has lost nearly 4% in the past 24 hours to trade at $0.02202.<\/p>\n<p>Technical indicators demonstrate downward pressure.<\/p>\n<p>PUMP trades below the vital 50- and 100-Exponential Moving Averages on the 1D chart, confirming dominant sellers.<\/p>\n<p>the 1D RSI at 55 suggests room for more PUMP dips before oversold situations emerge.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"alignnone size-full wp-image-324247\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/07\/PUMP-Chart.jpg\" alt=\"\" width=\"1280\" height=\"529\"\/><\/p>\n<p>Also, 3HMACD displays a weakening momentum, failing to decisively surpass the signal line since the July 18 bearish crossover.<\/p>\n<p>With technicals and fundamentals screaming bearish, Pump.fun\u2019s native token remains poised for extended declines before securing a reliable footing.<\/p>\n<div class=\"ad-banner  container  pt-1\" data-partner=\"bitcoinpepe\">\n        <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/bitcoinpepe.co\/en?utm_source=coinjournal&#038;utm_medium=banner&#038;utm_campaign=header\" target=\"_blank\" rel=\"nofollow sponsored noopener\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/coinjournal.net\/wp-content\/themes\/c1-base\/dist\/img\/ad\/blockovate\/en-4.png\"\/><br \/>\n        <\/a>\n    <\/div>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Two wallets dumped 1.25B PUMP coins within 2 hours, incurring $1.19M loss. The move came after Pump.fun founder confirmed delays in the much-awaited airdrop. The alt exhibits bearishness amidst community restlessness, down 4% in the past day. Pump.fun\u2019s meme token has failed to keep pace due to massive dumps from key investors. PUMP has plummeted [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":399589,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-399588","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/399588","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=399588"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/399588\/revisions"}],"predecessor-version":[{"id":399590,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/399588\/revisions\/399590"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/399589"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=399588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=399588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=399588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}