🔻 PUMP IS DUMPED Pump Fun’s $PUMP token has crashed approximately 60% to $0.0036, falling below its ICO price of $0.004. The token had its ICO launch on July 12 and trading launch on July 15. Here's how it all unfolded... 🧵

This fall has occurred while @pumpdotfun is still deciding what “utility mechanisms” this token might eventually have. Daily token launches have fallen below 10,000 per day, compared to over 60,000 tokens launched per day at the platform’s peak.