🚨 $PUMP just broke below presale levels Early buyers are dumping Trust is fading And the chart looks dangerous Here’s what really happened — and what’s next for the token 👇🧵

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$PUMP just slipped under its presale level of $0.0038 And while the market’s heating up, it’s going the other way That’s not just a dip, it’s a breakdown in trust Let’s unpack what’s actually going on with this token

The first and biggest issue is competition $BONK continues to dominate attention and trading volume Traders follow activity, and $PUMP lost that spotlight Liquidity simply shifted to where the crowd feels safer

But the real weight on price is the early distribution A handful of presale wallets hold a massive chunk of supply Those wallets are now selling — slowly but heavily And the chart reflects that pressure every time they move

The second major factor is the airdrop hype The team teased big rewards without clear terms Now the market is guessing — and that creates uncertainty If the airdrop underdelivers, the trust damage could be permanent

The real problem isn’t price — it’s perception Traders think $PUMP was oversold from day one A small group held too much power from launch And without a shift in token structure, trust won’t return

Right now this token looks like a short-term speculation play It’s not about fundamentals, it's about wallet behavior And those wallets are signaling caution, not conviction Momentum traders will keep leaving until something changes