Pump.fun token slides

Pump.fun’s token traded near $0.0018 on April 13 after another choppy session, leaving it far below the levels reached after its July 2025 debut. (coingecko.com) CoinGecko showed PUMP at about $0.001793 with trading spread across 71 exchanges and 119 markets. The Block’s price page showed roughly $40 million in 24-hour volume and an all-time high of $0.0088. (coingecko.com) (theblock.co) CoinMarketCap listed PUMP at about $0.001795 with a 24-hour volume near $41.7 million and a circulating supply of 332.1 billion tokens. Its historical data page shows daily volume above $165 million on March 16, 2026, and above $140 million on March 4, well above the latest reading. (coinmarketcap.com 1) (coinmarketcap.com 2) PUMP is the token tied to Pump.fun, a Solana launchpad that lets users create and trade meme coins with a few clicks. The token itself is not required to use the protocol, according to CoinMarketCap’s project description. (theblock.co) (coinmarketcap.com) That distinction has shaped the debate around the token since launch. Pump.fun’s own token page says PUMP is an “official utility token,” while its fees page says the token “does not represent a right to revenues or any other distribution.” (token.pump.fun) (fees.pump.fun) Pump.fun’s business is still generating sizable fees even as the token trades below its early highs. DefiLlama lists $1.595 billion in 30-day decentralized exchange volume for the protocol and annualized revenue of about $269.4 million. (defillama.com) The company has also leaned on token purchases tied to protocol economics. Pump.fun’s fees dashboard says it has spent about 2,533,740 Solana, or roughly $350.1 million, on PUMP purchases since launch, equal to 116.5 billion tokens. (fees.pump.fun) PUMP entered the market through a July 12 to July 15, 2025 initial coin offering that sold 150 billion tokens, or 15% of supply, at $0.004 each, according to The Block’s asset page. With the token now near $0.0018, it is trading at less than half that sale price. (theblock.co) The latest slide leaves PUMP in a familiar spot: a heavily traded proxy for one of Solana’s busiest launchpads, but one still searching for sustained demand beyond the bursts that drove its earlier rallies. (coinmarketcap.com) (defillama.com)