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Cooling memecoin demand drives Pump.fun's PUMP token down 30% amid low token success rates.

Market News
01 Nov 2026, 19:00 WIB
AMBCrypto
View Source
Bearish
Cooling memecoin demand drives Pump.fun's PUMP token down 30% amid low token success rates.

Pump.fun's PUMP token fell nearly 30% in October, reflecting a broader 15% drop in the memecoin market and cooling speculative interest. Despite co-founder Alon's optimism about long-term prospects, only 0.0013% of Pump.fun tokens surpass $100k in market cap, indicating weak user engagement and challenges in sustaining trading volume. This low success rate contrasts sharply with other platforms like Stonk.fun, raising concerns about Pump.fun's ability to maintain key support levels without renewed market enthusiasm. The decline signals broader issues in the memecoin launch ecosystem beyond just market downturns.

As of Nov 02, 2026 00:21 WIB, Pump.fun's PUMP token trades at Rp77 on Pluang with a market cap of Rp35,14 trillion and a 24-hour volume of Rp1,22 trillion. Despite the article's note of a nearly 30% drop in October, PUMP shows a modest 0.64% gain in the last day on Pluang. The platform data also reveals a 60% sell order activity and a typical hold time of 28 days, highlighting cautious but ongoing user engagement.

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