🎉 The #CandyDrop Futures Challenge is live — join now to share a 6 BTC prize pool!
📢 Post your futures trading experience on Gate Square with the event hashtag — $25 × 20 rewards are waiting!
🎁 $500 in futures trial vouchers up for grabs — 20 standout posts will win!
📅 Event Period: August 1, 2025, 15:00 – August 15, 2025, 19:00 (UTC+8)
👉 Event Link: https://www.gate.com/candy-drop/detail/BTC-98
Dare to trade. Dare to win.
After the live broadcast of the Pump founder, the Token fell by 20%, challenging the trust in the ecosystem.
The live stream of the Pump founder triggered market turmoil, with the Token falling 20%
Recently, the co-founder of pump.fun shared his views on the future development of the platform during a highly anticipated voice interview live stream. This live stream triggered significant market fluctuations, with the $PUMP Token price falling by about 15% during the broadcast, and a single-day fall of nearly 20%, which at one point caused its market value to drop below $3 billion.
Overview of Core Content of Live Broadcast
about Token airdrop
The founder stated that $PUMP will indeed carry out an airdrop to reward community members who have supported the platform's development over the past year and a half. However, he emphasized that the airdrop will not take place in the near future, and only a few people are aware of the specific details. Regarding the airdrop ratio and the specific mechanisms to handle selling pressure, the founder stated that he is currently unable to disclose details.
Market Buyback Plan
The founder revealed that since the token issuance, the platform has repurchased approximately $20 million worth of $PUMP, and recently repurchased about $550,000 in just four days. However, he did not provide a clear answer regarding future repurchase plans.
Strategies for Coping with Competition and Development
In the face of the rise of other platforms, the founder emphasized the long-term development strategy of the platform. He mentioned that a large amount of liquidity will be injected into the ecosystem to support an active community, and major product improvements are planned, such as PumpSwap 2.0. In addition, the platform will attract more users through mobile applications and live broadcasts.
Market Reaction and Doubts
Despite the founder's attempts to send positive signals, the live broadcast seems to have failed to meet expectations. Many investors expressed disappointment over the airdrop delay and the lack of concrete plans. There are even voices questioning whether the platform still cares about user interests after raising a large amount of funds.
It is worth noting that several tokens within the ecosystem that the founder has recently personally invested in have also experienced losses, which has further intensified the market's distrust. Some users believe that the platform needs to take more practical measures to support the ecosystem and reward early supporters.
Summary
This live broadcast exposed the obvious shortcomings of pump.fun in public relations and user communication. In the current market environment, investors expect to see more specific and transparent development plans. Rebuilding user trust and enhancing platform competitiveness will be important challenges for the pump.fun team.