Pump.fun’s PUMP Falls 7.2% Below $0.006 as Volume Drops 20%

Pump.fun’s PUMP token fell 7.2% over 24 hours to about $0.0055 at 9 a.m. ET (1300 UTC) Oct. 9, moving below $0.006 as trading volume declined 20%.

PUMP reached an intraday low of $0.0052 during the move. Trading volume stood at $427 million over the same 24-hour period.

The decline followed a short-term rise on Oct. 8, when PUMP climbed 4.49% in one hour to $0.005678. PUMP’s earlier one-hour gain came as the token remained lower over the broader 24-hour period.

Pump.fun is a token-launch platform, and PUMP is its native token.