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

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/27738
Published: 2026-10-08T04:23:08.000Z
Updated: 2026-10-08T04:23:08.000Z
Section: Investing

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

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.