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PUMP token drops 4.06% in an hour with $940K long positions liquidated on major exchanges

Market News
17 Oct 2026
Tokenpost
View Source
Bearish
PUMP token drops 4.06% in an hour with $940K long positions liquidated on major exchanges

The PUMP token experienced a 4.06% price drop within one hour, falling to $0.004469 as of 7:15 p.m. ET on October 16. During this period, $940,000 worth of long positions were liquidated across Binance, Bybit, and OKX, while no short positions were liquidated. The token's market capitalization stands at approximately $2.14 billion, ranking it 49th by market value. This sharp decline and liquidation event highlight volatility in the token's trading, which investors should monitor closely.

As of Oct 17, 2026 16:21 WIB, PUMP token trades at Rp83 on Pluang, showing a 3.48% gain in the past day. The token's market cap on Pluang is Rp38.83 trillion with a 24-hour trading volume of Rp2.8 trillion. Despite the recent sharp drop reported, the token currently sees more buying interest, with 71% of orders on Pluang being buys and a typical hold time of 28 days.

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