The meme coin hype train just hit the brakes — hard.

PUMP, the highly anticipated token that gained traction across Solana’s degens, tanked a jaw-dropping 75% on launch day, triggering chaos across social media and crypto communities.

Here’s what went down 👇

🔍 What Happened
As reported by Cryptonews, PUMP launched with massive retail excitement, but whales wasted no time.

Shortly after trading opened:

• Whales heavily shorted the token

• A massive $500M presale unlock loomed large

• Panic selling kicked in — sending the price into freefall

The result? A 75% nosedive that stunned the market and left bag-holders scrambling.

💡 Why It Matters
This crash highlights the darker side of meme coin culture and launchpad hype:

• Whale Dominance: Large players still move markets — especially in low-liquidity launches

• Tokenomics Risk: Big unlocks + hype = volatile disaster

• Retail Sentiment: Confidence takes a hit, making future launches more difficult to gain traction

As excitement fades, PUMP may become a case study in launchpad speculation gone wrong.

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