The PUMP token, native to the Solana-based token launch platform Pump.fun, has seen its price drop below its initial offering value of $0.004. The recent decline follows what prominent blockchain figure Viktor Bunin described as a "three day effort to keep the PUMP price above .004," indicating significant market pressure. Bunin, known for his roles at Coinbase and as co-founder of Credibly Neutral, remarked on social media, "I respect the three day effort to keep the PUMP price above .004, but I guess they gave up. Let's see how low this baby goes."
Pump.fun emerged as a notable platform for launching new cryptocurrencies, particularly meme coins, allowing users to create and distribute tokens with minimal technical expertise. The platform's PUMP token itself garnered substantial attention, raising approximately $500 million in a public sale where 125 billion tokens were priced at $0.004 each. This successful initial offering implied a fully diluted valuation of $4 billion for the token.
Despite its strong debut, the PUMP token has experienced considerable volatility since its launch. After reaching an all-time high of $0.01214 on July 12, 2025, the token has trended downwards. Its price currently hovers around $0.002503, marking a significant drop and establishing a new all-time low of $0.002318 on July 25, 2025, just hours before Bunin's tweet.
Viktor Bunin's observation underscores the inherent risks and rapid price fluctuations common in the nascent stages of new cryptocurrency launches, especially within the meme coin sector. As a protocol specialist and a key figure in the blockchain ecosystem, his commentary highlights the intense battle between buying and selling pressure that often dictates the early trajectory of such assets. The token's performance will continue to be a focal point for investors monitoring the stability and long-term viability of tokens launched on platforms like Pump.fun.