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Pump.fun token drops 6.71% in an hour amid $340K long liquidations on Binance and other exchanges

Market News
08 Oct 2026
Tokenpost
View Source
Bearish
Pump.fun token drops 6.71% in an hour amid $340K long liquidations on Binance and other exchanges

Pump.fun (PUMP) token price fell sharply by 6.71% within one hour on October 8, dropping to $0.005434 from $0.005825. This decline extended its 24-hour loss to 11.84%. The price data was sourced from Binance's spot market for PUMP/USDT. During the same hour, long liquidations across Binance, Bybit, and OKX totaled $340,000, indicating significant sell pressure, while short liquidations were negligible. At the time, Pump.fun ranked 42nd in market capitalization at about $2.65 billion. This price movement reflects volatility and potential investor caution in the token market.

Pump.fun (PUMP) holds a significant market cap of Rp45.3 trillion on Pluang as of Oct 08, 2026 22:42 WIB, with a 24-hour trading volume of Rp7.13 trillion. Despite the sharp price drop noted in the article, on Pluang PUMP is down 10.28% over the past day, trading at Rp99. The platform shows a fairly balanced order activity with 43% sell and 57% buy, and investors typically hold the token for about 28 days.

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