Pump.fun Token Falls Below ICO Price

The native coin of the “meme-token factory” Pump.fun has dropped below the $0.004 level at which it was sold during the token sale. At the time of writing, PUMP is trading at $0.0037.

From its peak values of around $0.0068, the token has fallen by 45%, according to CoinGecko. Its market capitalization is $1.31 billion with an FDV of $3.72 billion.

The PUMP presale took place on July 12 and concluded in 12 minutes, raising 500 million. However, a few days later, it was revealed that nearly 60% of ICO participants sold or transferred assets to centralized exchanges and other wallets.

According to a dashboard on Dune, only 13% of token sale participants are currently holding onto the coin.

Amid the price decline, Lookonchain also recorded that two early investors sent PUMP worth approximately $160 million to centralized exchanges.

The $PUMP price has dropped below its private/public sale price of $0.004.

“PUMP Top Fund 1” spent 100M $USDC to buy 25B $PUMP at $0.004 in the private sale.
So far, he has deposited 17B $PUMP($89.5M) to exchanges via #FalconX and still hold 8B $PUMP($29.58M).

“PUMP Top Fund… pic.twitter.com/xibWUaCOxz

— Lookonchain (@lookonchain) July 22, 2025

Despite the correction and large sales, retail purchase volumes and the number of unique wallets holding PUMP are increasing daily.

PUMP Out of Trend

The decline of Pump.fun’s coin occurs despite the overall trend in the meme-token segment. Over the past week, the capitalization of the sector has grown by nearly 24% to $89.2 billion.

Among major coins, FLOKI (+50%), DOGE (+38%), PENGU (+28%), and BONK (+23%) stood out.

“Dog” meme-tokens continue to lead the segments. Assets based on Solana also show positive dynamics.

A user under the pseudonym Ralph noted that almost every blockchain had its “meme-token season,” except for XRP.

I still can’t believe that every chain had a proper meme run in the last year, except for $XRP.

Crazy enough, $XRP is the biggest gainer in the last year (+450%), and is the third biggest token in the world.

Not sure what their plans are, but I really want to wake up someday… pic.twitter.com/NwOALJshus

— Ralph (@ralphscall) July 22, 2025

“I don’t know what [Ripple’s] plans are, but I really want to wake up someday and see a full-fledged meme season there. I think they still have a lot of work to do on user experience and interface to achieve any success with memes,” he added.

As reported, CryptoQuant author and on-chain analyst Timo Oinonen pointed out the end of the “mass alt-seasons” era.