PUMP Crashes 15%: Growing Doubts Over Pump.Fun’s Sustainability

TL;DR Pump. fun’s PUMP token plunged over 15% in its first session as around 60% of presale wallets dumped tokens, turning a $600 million ICO frenzy into profit-taking chaos. Solana launchpad volumes cratered from $11. 6 billion in January to $3. 65 billion in June, spotlighting weakening demand and threatening Pump. Fun’s fee-driven model. Rising competition from LetsBONK and. . . source: https://crypto-economy.com/pump-crashes-15-growing-doubts-over-pump-funs-sustainability/