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Pump.fun (PUMP) Drops 4.6% in One Hour to $0.00594

The token was down 6.56% over 24 hours, while $400,000 in long positions were liquidated across three major exchanges.

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Coin-shaped token beside a red downward market marker / TokenPost.ai
Coin-shaped token beside a red downward market marker / TokenPost.ai

Pump.fun (PUMP) fell 4.61% in one hour to $0.00594 as of 1:21 p.m. ET (17:21 UTC) on Oct. 8, extending its 24-hour decline to 6.56%.

The move was measured against Binance’s spot PUMP/USDT market, where the token traded at $0.006227 one hour earlier. Pump.fun’s market capitalization was about $2.88631 billion, ranking it 42nd among crypto assets by market value.

Long-position liquidations totaled $400,000 across Binance, Bybit and OKX during the same one-hour period. No short liquidations were recorded.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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