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Pump.Fun (PUMP) plunged 12%, its iOS apps were removed from major app stores

2026-09-11 16:23:10
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Core Highlights

PUMP token fell 12.5% in the past 24 hours to close at US$0.004002, with a market value of US$1.659 billion. Technical analysis showed that the token fell below from the rising channel pattern and the Relative Strength Index (RSI) fell to 40.60. Within 24 hours, traders suffered a liquidation loss of $5.42 million, mainly concentrated on long positions. The platform launched 20 new token pairs linked to stocks and commodities on the Solana blockchain. In addition, iOS apps are temporarily unavailable in the U.S. and Indian markets.


Technical Form Rupture

The PUMP token fell sharply by 12.5% in the past 24 hours and finally closed at US$0.004002. During this period, asset prices fluctuated within the range of $0.003977 to $0.004821. The token currently maintains a market value of US$1.659 billion.

Pump.Fun (PUMP) emerged in 2024 as a Solana chain-based emoji token creation and trading infrastructure and has now evolved into a major player in the cryptocurrency issuance space. Currently, PUMP ranks 52nd in the global market value ranking.

Daily trading volume reached US$389.33 million. Binance dominated exchange funds flows with $414.68 million in turnover, followed by OKX with $225.64 million and Hyperliquid with $210.97 million.

According to CoinGlass, the total amount of mandatory liquidations throughout the day reached US$5.42 million. Long positions took on most of the losses, reaching $4.2 million, while short sellers faced liquidation of $1.22 million. Long liquidations were concentrated over a 12-hour period, reaching $3.89 million.


Technical Analysis Details

Analysis of the 4-hour PUMP/USDT chart shows that prices have maintained an upward trajectory in the rising channel for more than seven days. However, this pattern is currently ineffective and PUMP has fallen below the channel boundary and is close to the support area below.

The Relative Strength Index (RSI) has dropped to 40.60, below its moving average of 52.80. This indicator confirms a kinetic reversal of the previous upward trend.

A cryptocurrency market analyst expressed a bearish view on Platform X, pointing out that PUMP's bullish trend line-which had provided price support for about two months-had been broken. The analyst emphasized that key support areas were decisive levels and warned that a clear break could trigger a significant correction period.

ˇ$PUMP bearish warning
After that crazy rally, PUMP may finally be exhausted.
The bullish trend line that has supported prices for nearly two months has now burst. _33]
Prices are currently testing key support areas, and if this level falls below, downside may...

If buying pressure is currently emerging, PUMP may rebound to the threshold of US$0.004638. After breaking through this point, a resistance level of US$0.004944 will be exposed. If momentum continues, further upside potential can reach US$0.005231.

In a bearish scenario, US$0.003902 is the near-term downside target. Subsequent support areas are located at $0.003612 and $0.003357 respectively.


Platform extension and application status

This week, Pump.fun added 20 new token pairs, allowing users to create tokens tied to tokenized stocks, precious metals and major digital currencies. The platform uses 50% of the fees incurred by these token pairs for the repurchase and destruction mechanism of $PUMP tokens.

Alert: The mobile app for Pump.fun has been removed from the iOS App Store in the United States and India.
The team said that the removal is temporary and the application is expected to resume soon.
No clear reasons for removal have been given yet.

iOS apps for this platform have been withdrawn from the App Store markets in the United States and India. According to the development team, this removal is not a permanent measure and is expected to resume soon. Officials have not disclosed the specific reasons for the removal.

PUMP's fully diluted valuation is currently US$3.341 billion, with a total locked value (TVL) of US$326.497 million, and a maximum token supply limit of one trillion.

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