ICO participants for $PUMP are in the process of capitulating.
If they do the airdrop after this selling, then one could argue that no more sellers are left and buyers will eventually step in, but what price that will be, I do not know.
It looks like PUMP is going to end up cheap.
For reference, I bought some and cut within days.
It's worth taking a punt on what is arguably the no.1 consumer app in crypto, but the launch dynamics and falling off fundamentals really cooked it.
As everyone keeps saying, there is a huge war chest that can turn things around. Does this occur soon? No clue.
Equally, at this moment, there are better longs.
Hyperliquid
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