Pump.Fun (PUMP) Plunges 12% as iOS App Gets Pulled from Major App Stores

Key Highlights

• PUMP declined 12.5% over the past day, trading at $0.004002 with a $1.659B market capitalization
• Technical analysis shows a breakdown from an ascending channel pattern, RSI declining to 40.60
• Traders suffered $5.42M in liquidations across 24 hours, predominantly long positions
• Platform introduced 20 novel token pairs linked to equities and commodities on Solana blockchain
• iOS application temporarily unavailable in U.S. and Indian markets

The PUMP token from Pump.fun experienced a sharp 12.5% decline over the past 24 hours, settling at $0.004002. Throughout this period, the asset fluctuated within a range of $0.003977 to $0.004821. The token maintains a market capitalization of $1.659 billion.

Pump.Fun (PUMP) Price

Emerging in 2024 as a Solana-based infrastructure for meme token creation and exchange, the platform has evolved into a major player in the cryptocurrency launch space. Currently, PUMP holds the #52 position in global market cap rankings.

Daily trading activity reached $389.33 million in volume. Binance dominated exchange flows with $414.68M, trailed by OKX registering $225.64M and Hyperliquid capturing $210.97M in trading volume.

According to CoinGlass metrics, forced liquidations totaled $5.42 million throughout the day. Long position holders absorbed the majority at $4.20M, while short sellers faced $1.22M in liquidations. The concentration of long liquidations intensified during a 12-hour period, reaching $3.89M.

Technical Pattern Collapse

Analysis of the 4-hour PUMP/USDT chart reveals that price action had maintained an upward trajectory within an ascending channel for more than seven days. This formation has now failed, with PUMP breaking beneath the channel boundaries and approaching underlying support territory.

The Relative Strength Index has descended to 40.60, positioned below its 52.80 moving average. This indicator confirms a momentum reversal from the prior upward trend.

A cryptocurrency market analyst shared a bearish outlook on X, observing that PUMP’s bullish trendline—which had provided support for approximately two months—has been violated. The analyst emphasized the critical support area as the decisive level, cautioning that a definitive breakdown could trigger a substantial correction phase.

Should buying pressure emerge at present levels, PUMP might rebound toward the $0.004638 threshold. Breaking above that point would expose $0.004944, with further upside potential to $0.005231 if momentum persists.

In a bearish scenario, $0.003902 represents the immediate downside target. Subsequent support zones exist at $0.003612 and $0.003357.

Platform Expansion and Application Status

This week, Pump.fun unveiled 20 additional token pairs, enabling users to create tokens pegged to tokenized equities, precious metals, and leading digital currencies. The platform will allocate 50% of fees generated from these pairs toward $PUMP token buyback and burn mechanisms.

The platform’s iOS application has been withdrawn from both U.S. and Indian App Store marketplaces. According to the development team, this delisting is not permanent, with restoration anticipated in the near future. Official explanations for the removal have not been disclosed.

PUMP’s fully diluted valuation currently registers at $3.341 billion, accompanied by total value locked of $326.497M and a maximum token supply capped at one trillion.

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