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PUMP price drops 9% amid $8.3M long liquidations after weak jobs report hits crypto market

Market News
03 Oct 2026
AMBCrypto
View Source
Bearish
PUMP price drops 9% amid $8.3M long liquidations after weak jobs report hits crypto market

Following a weak jobs report, the crypto market faced heavy selling pressure, causing Pump.fun's PUMP token to fall 9% from $0.0061 to $0.00509. This decline triggered a long squeeze with over $8.3 million in long positions liquidated, intensifying downside momentum. Despite this, spot buyers have remained active, with buy volume outpacing sell volume for three days, suggesting potential support. Momentum indicators like MACD and RSI remain bullish, indicating buyers still control the market, but continued selling in derivatives could push PUMP down further to $0.0046.

PUMP (Pump.fun) trades at Rp103 on Pluang as of Oct 03, 2026 22:21 WIB, down 4.83% in one day. The market cap stands at Rp47.33 trillion with a 24-hour volume of Rp6.19 trillion. Sell orders dominate at 65%, while typical hold time is 28 days, showing cautious investor behavior after recent volatility.

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