The PUMP project is facing numerous difficulties, and investor confidence has collapsed.

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The PUMP project is facing multiple crises, and community confidence is shaken.

Recently, the cryptocurrency project PUMP has fallen into a series of difficulties, severely threatening its market position. The latest news indicates that the project's planned token airdrop has been delayed, triggering widespread dissatisfaction among investors.

In a highly anticipated online live broadcast, the project's co-founder stated that the airdrop plan would be postponed, but promised to announce the specific timetable and mechanism details in the short term. He emphasized that this decision was made to ensure that the airdrop could truly promote the development of the ecosystem, rather than becoming an opportunity for investors to withdraw their funds. However, this explanation seems to have failed to effectively soothe market sentiment.

"Green Round" coming to an end? Airdrop delays exacerbate PUMP's price drop, three post-00s individuals amassed over $700 million

Since the project started, the price of the PUMP token has gone through a brief rise followed by a continuous decline, currently dropping below the private placement issuance price. Although the project team announced the implementation of a buyback mechanism to support the token price, data shows that the buyback intensity has significantly decreased, making it difficult to offset the market selling pressure.

"Green Round" is ending? Airdrop delay worsens PUMP crash, three post-00s scoop over $700 million

More concerning is that a large number of investors have chosen to exit. Data shows that among the investors who participated in the presale, only about 11.8% still hold the tokens, with nearly 90% of investors having sold or transferred their tokens through various channels. Some large holding addresses have also been found to show signs of massive sell-offs, further intensifying the panic in the market.

"Green Round" is about to end? Airdrop delays exacerbate PUMP's price drop, three post-00s have amassed over $700 million

At the same time, the PUMP project is facing strong challenges from competitors. The latest data shows that a competing platform's market share and daily trading volume have significantly surpassed PUMP, and the gap is continuing to widen.

"Green Pills" about to end? Airdrop delays exacerbate PUMP to break, three post-00s gather over 700 million dollars

In addition, the PUMP project has also fallen into legal disputes. Several law firms in the United States have initiated a class action lawsuit against the project team on behalf of over 500 investors, accusing them of violating securities laws and other regulations. The scope of the lawsuit has even expanded to include the foundation and executives of the relevant public blockchain.

As these issues accumulate, the PUMP project is facing unprecedented challenges. The market generally believes that how the project team responds to these crises will directly affect its future development prospects.

"Green Round" is about to end? Airdrop delays intensify PUMP's price drop, three post-00s have amassed over $700 million

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GateUser-c802f0e8vip
· 5h ago
play people for suckers and then do a Rug Pull, right?
View OriginalReply0
GasFeeBeggarvip
· 5h ago
Remind me! Damn! It's said that PUMP won't last more than three months.
View OriginalReply0
TopBuyerBottomSellervip
· 5h ago
Another day of buying high and selling low.
View OriginalReply0
LayerHoppervip
· 5h ago
Cut Loss ran away, no matter what the reason.
View OriginalReply0
TokenGuruvip
· 5h ago
Another wave of suckers is standing guard waiting to catch a falling knife, BTC Mining Difficulty has soared and yet they are still playing people for suckers.
View OriginalReply0
StopLossMastervip
· 5h ago
Another Rug Pull scheduled?!
View OriginalReply0
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