PUMP Token Plunges Over 24% as Exchange Glitches and Airdrop Anger Mount

• PUMP struggles as token drops over 24%, testing fragile support near $0.0050
• Explosive $1.5B volume hints at hype-driven trading despite sharp price decline
• Launch issues and unmet airdrop promises erode community trust and confidence

The newly launched PUMP token from the memecoin platform Pump.fun is facing steep selling pressure, with its price plunging over 24% in the past 24 hours. Trading at $0.005599, PUMP declined steadily from its intraday high of $0.0074, following a chaotic launch weekend plagued by technical glitches on major exchanges and growing frustration from the crypto community. 

While market interest remains strong, significant volatility and community dissatisfaction are clouding the project’s early momentum.

A Messy Launch: Exchange Glitches and a Missing Airdrop

Adding fuel to the fire, the PUMP launch was plagued by several issues. Kraken’s co-CEO acknowledged that some users couldn’t complete their presale orders due to system glitches. 

Our records indicate that some clients arrived on time for the $PUMP sale but were unable to complete their orders due to system constraints. The sale was fully allocated in under sixty…

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