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PUMP PUMP price fell: App removal triggered market pressure
PUMP token plunged 12.5% to US$0.004002 in 24 hours. At the same time, Pump.fun's mobile app disappeared from iOS app stores in the United States and India. The project company stated that the removal was a temporary measure and is expected to be put back on shelves soon. However, this incident occurred against the background of the already weak chart trend, further exacerbating market pressure. Traders are facing a crucial test as PUMP approaches key support levels and bearish momentum increases.
The technical signal is short, and the short structure shows
In the past 24 hours, PUMP's trading range is between US$0.003977 and US$0.004821, with a market value of approximately US$1.659 billion. Trading volume in major cryptocurrency markets reached US$389.33 million, with platforms such as Binance, OKX and Hyperliquid all recording significant trading activity, demonstrating strong participation during the market downturn.
Clearing data also adds another layer of pressure to the market. Data showed that the total liquidations related to PUMP in the past 24 hours reached US$5.42 million, of which long positions accounted for US$4.2 million and short positions accounted for US$1.22 million. Long traders suffered the most losses during the sharp decline, with approximately $3.89 million in long positions being liquidated in just 12 hours.
Judging from the chart, the short-term market structure has undergone significant changes. Previously, PUMP had been running in the rising channel for more than a week, but sellers eventually pushed prices below the channel. This break weakened the bullish pattern that had previously supported price increases. In addition, the RSI indicator on the four-hour chart has dropped to 40.60 and is still below the moving average of 52.80, indicating weak short-term momentum.
New transactions may be potential catalyst for launch
Despite recent price weakness, Pump.fun continues to expand platform capabilities. This week, the project launched 20 new token trading pairs, and users can now create tokens for stocks, precious metals, and mainstream cryptocurrencies. These new trading pairs also introduce a token-based value capture mechanism. Pump.fun plans to use half of the revenue generated to repurchase PUMP tokens.
This strategy is expected to reduce circulation supply over time, and if platform activity continues to increase, it may create additional demand for PUMP. However, traders still need to confirm a trend reversal through price and volume. The removal of iOS apps remains the main unknown factor. Although Pump.fun confirmed the fact that it was removed from Apple stores in the United States and India, the team emphasized that this was temporary and looked forward to the app's return as soon as possible. No specific reasons for the removal have yet emerged, and this uncertainty may keep traders cautious in the coming trading day.
Project background and market position
Despite the decline, Pump.fun remains one of the major token publishing platforms based on the Solana chain. The project was launched in 2024 and quickly gained widespread adoption. Currently, PUMP ranks approximately 52nd among global crypto assets by market value. If platform activity continues to grow, new trading pairs and PUMP's repurchase plan may provide support for prices, but the market still needs to observe subsequent trends to confirm whether a bottom has formed.
