PUMP, the cryptocurrency of the pump.fun platform, has lost 38% of its value in recent days. The cryptocurrency had nevertheless made a promising start. So what could explain such a debacle? Is this decline temporary, a sign of a healthy correction, or, on the contrary, the end of unfounded hype? Let’s analyze the causes of this fall together.
The PUMP cryptocurrency from pump.fun loses 38% in a few days
Launched on July 14, 2025, on centralized exchanges such as Binance and Coinbase, the PUMP token had already made a name for itself. The initial coin offering (ICO), the private sale of the token to investors, enabled the pump.fun platform to raise $600 million in 12 minutes, a record. However, ICOs are far from their peak popularity in 2017. What are the reasons for such enthusiasm? Pump.fun is a revolutionary platform with the potential to compete with X (formerly Twitter), TikTok, and Instagram. The social network, created by Alon Cohen, allows anyone to create a cryptocurrency, or rather a memecoin, hosted on the Solana blockchain. But that’s not all!
His platform has been a huge success because it doesn’t just allow you to create a memecoin. It provides an entire social network built around promoting it. For example, in the early days of pump.fun in 2024, users could film themselves live to promote their token.
Inspired by streams found on TikTok, Instagram, Twitch, and Kick, these videos allowed creators to connect with their fans. However, abuses quickly emerged, and live streams were suspended. They resurfaced a few weeks ago.
The moderators at pump.fun will have their work cut out for them, as it’s clear that live streams by coin and content creators are here to stay. This model is revolutionary, combining the most viral aspects of social media with the extreme frenzy of memecoins.
The PUMP token fell victim to hype, but the pump.fun platform remains strong
This is why the PUMP token ICO was so successful. Although the price of PUMP has corrected sharply over the last 7 days, the enthusiasm for the platform is real. The platform is seeing spikes in downloads and the number of users is only increasing.
Much more than just a token with hype, PUMP supports the arrival of a new economy and a new type of social network.
the pump fun mobile app is growing faster than ever – how can we improve your experience?
— alon (@a1lon9) September 22, 2025
Admittedly, there is a lot of hype. That’s why the price of PUMP rose from $0.0026 to $0.0088—a 235% increase between August 26 and September 14. Since then, the price of PUMP has fallen to $0.0035, a 38% correction.
This decline should be put into perspective: the hype was strong, the platform is the center of attention, and the token has sparked a lot of excitement. In addition, $600 million has been raised, and investors have not hesitated to take their profits.
From a fundamental perspective, several metrics can be used to assess the health of the token.
Since PUMP is linked to the pump.fun platform, you can look at the number of downloads, the number of monthly or daily users, in short, all the figures specific to a social network.
Similarly, creator Alon Cohen regularly posts on X under the name @a1lon9. If you have any doubts, you can follow the development of PUMP and pump.fun through his posts and by observing feedback from the community.
