- Pump.fun airdrop postponed as team shifts focus to ecosystem growth and trading activity instead of short-term hype.
- PUMP token plunged below ICO levels after major sell-offs from private wallets totaling 1.25B tokens.
- Community backlash grows as users express frustration over delays and fading momentum in token demand.
The anticipated PUMP token airdrop from Pump.fun has been delayed, according to project cofounder Alon Cohen. Speaking in a live discussion with Michael “ThreadGuy” Jerome, Cohen said the team does not intend to launch the airdrop in the near future.
Instead, the focus will shift toward strengthening the platform’s ecosystem, increasing trading volume, and re-engaging user activity. His remarks followed growing speculation from community members awaiting the distribution update.
“We want it to be meaningful and executed well,” Cohen stated, emphasizing the importance of timing and structure for long term impact.
Airdrop Delay Triggers Immediate Price Reaction
Following Cohen’s announcement, PUMP price dropped sharply. It fell by 14% within 24 hours, slipping below its initial coin offering (ICO) level. The token had previously peaked at $0.0067 but dropped over 50% from that high. This week, the price declined to below $0.004 and kept falling after the cofounder’s update.
Data from Lookonchain revealed further pressure from large holders. Two wallets, suspected to belong to private sale investors, sold 1.25 billion $PUMP tokens worth $3.81 million. The tokens were offloaded at an average price of $0.00305, leading to an estimated loss of $1.19 million.
Platform Growth Takes Priority Over Token Distribution
Despite growing concern, Cohen confirmed that the airdrop is on the roadmap. However, he stressed that immediate implementation would not benefit the project’s long term objectives. According to Cohen, the team aims to reignite interest and activity through organic momentum rather than short term incentives.
Launched in early 2024, Pump.fun allowed users to create meme coins instantly, generating massive attention across the Solana ecosystem. The public sale for PUMP sold out within minutes, and the token initially surged 16% during premarket trading on Hyperliquid.
However, the excitement soon faded due to lack of utility. Without the near term airdrop hype, price weakness became more pronounced.
Users React to Delays and Continued Declines
Analysts noted the token reached a new low of $0.00337 after Cohen’s statement. Shotgun, a crypto commentator, noted that demand has faded now that airdrop farming no longer drives activity.
Meanwhile, some longtime users voiced frustration. One trader, who claims over $1 million in trading volume, criticized the project for delaying community rewards. He compared it to OpenSea’s airdrop delay, accusing the team of neglecting early backers. For now, the team insists that updates on the airdrop schedule will be shared in due course.
Final Note
Pump.fun’s decision to delay the PUMP airdrop has caused immediate market reaction. A 14% drop in price followed the announcement, compounded by major sell offs from large holders.
The project now faces the challenge of rebuilding momentum without relying on short term incentives. Alon Cohen’s emphasis on ecosystem development indicates a longer strategic play, but community sentiment is fragile.
