Price surge.fun BULL RUN Crypto Debuts But Doesn’t Soar: What’s Happening?
Pump.fun’s BULL RUN digital currency is experiencing a sell-off despite an impressive ICO that gathered $600 million in just 12 minutes. Concerns around large holder hedging and overvaluation could impede its recovery.
Meme coins have been the driving force behind Solana’s growth, propelling SOL prices to all-time highs by January 2025. A key factor in this surge was the increase in on-chain activity, mainly from meme crypto token trading and launches on the Bull run.fun meme token launchpad.
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Pump.fun Plays a Vital Role for Solana
Price surge.fun has transformed the creation of SPL tokens on Solana. Its user-friendly method for launching new tokens has resulted in tens of thousands of tokens being minted every day on this advanced blockchain.
The unveiling of and tokens, launched less than 24 hours before President Donald Trump’s inauguration, sent SOL prices to new heights as meme coin activity surged.
Even though meme crypto token trading has decreased since the release of Raydium’s meme crypto token launchpad and other projects jumped on the bandwagon, developers are still introducing vital upgrades.
Following the launch of the PumpSwap DEX in March 2025, the creators of Pump.fun revealed the PUMP crypto token ICO last week, with the fundraising event scheduled for July 12.
The BULL RUN Crypto ICO Achieves $600 Million in 12 Minutes
On Saturday, July 12, Price surge.fun raised an astonishing $600 million in just 12 minutes, far surpassing predictions as demand surged.
However, despite PRICE SURGE being available for trading on that very day, with leading exchanges offering PUMP perpetuals, PUMP prices have not only struggled to gain momentum but are currently in decline, frustrating traders.
Data from Binance indicates that crypto has dipped after hitting database highs of nearly $0.007 over the weekend.
At present, PRICE SURGE is down approximately 10% from its peak and continues to face pressure. Without buyers regaining the highs of July 13, the trend is likely to remain downward.
Any confirmation of losses incurred in the last 48 hours may see PRICE SURGE plunge below $0.0045, continuing the pessimistic trend and causing more hardship for holders.
What’s Causing the BULL RUN Price drop?
To grasp the reasons behind the sell-off, it’s essential to analyze PUMP’s tokenomics. The interest was high since the meme coin launchpad has acted as a catalyst for SOL’s market demand, amassing over $700 million since January 2024.
The protocol has showcased leading Solana meme coins, such as PNUT and Popcat. Hence, it was unsurprising that Pump.fun secured $600 million in mere minutes, offering 33% of the 1 trillion BULL RUN total token supply, positioning the meme token launchpad’s valuation at over $4 billion.
This substantial valuation is triggering unease, and partly explains the price swings just a couple of days post-launch.
The $4 billion fully diluted valuation (FDV) raises red flags as the core metrics of the meme token launchpad have shown a downward trend in recent months.
For example, trading volume decreased from over $11 billion in January 2025 to below $4 billion in June 2025. Consequently, revenue has dropped from about $130 million in January to under $40 million by the end of H1 2025.
Declining meme coin activities on Solana might account for the downturn, but emerging competitors like LetsBonk and Raydium’s Launchpad are stealing Price surge.fun’s crypto market share.
Moreover, on-chain analysis reveals that large investors who acquired millions of PRICE SURGE during the ICO have hedged their stakes by selling on perpetual exchanges.
Although a 48-72 hour distribution phase was executed to avoid immediate sell-offs, these large investors initiated short positions on BULL RUN perpetuals on Hyperliquid and Binance for safety.
Their choice to short significant amounts has further contributed to the downward pressure on PUMP, fueling the sell-off witnessed in the past day.
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PUMP Crypto Faces Challenges Post $600 Million Fundraising
- PRICE SURGE crypto is experiencing stagnant performance
- Price surge.fun secured $600 million in a mere 12 minutes
- Concerns regarding overvaluation are pressuring buyers
- Large holder investors are actively hedging by shorting in perpetual markets
The post Pump.fun BULL RUN Crypto Launches But Fails to Gain Momentum: What’s Happening? appeared first on 99Bitcoins.
