![[LIVE]PUMP Price Plummets Due to Airdrop Hold-Up While BTC Struggles to Maintain $117,000](https://i2.wp.com/99bitcoins.com/wp-content/uploads/2025/04/Fatima99btc.jpg?w=770&resize=770,470&ssl=1 "[LIVE]PUMP Price Plummets Due to Airdrop Hold-Up While BTC Struggles to Maintain $117,000")
[LIVE]PUMP Price Plummets Due to Airdrop Hold-Up While BTC Struggles to Maintain $117,000
The value of BULL RUN has plummeted following co-founder Alon Cohen‘s announcement that the much-awaited airdrop is not set to occur in the near future. This declaration was made during a discussion with ThreadGuy, which instantly incited a surge of panic selling. The decline coincides with a general trading market downturn, as BTC remains just above $117,000, with investors keenly observing its forthcoming direction.
Alternative cryptocurrencies are faltering: XRP has dipped 12%, Solana has seen an 8% decrease, whereas Ethereum is experiencing a milder fall of 3%.
Just hours after Alon’s remarks, two wallets associated with early investors sold off a total of 1.25 billion PUMP tokens, amounting to approximately $3.81 million, at an average value of $0.00305. As per on-chain metrics, the entities involved incurred over $1.19 million in realized losses.
2 wallets (likely private sale investors) sold 1.25B $PUMP($3.81M) at $0.00305 in the last 2 hours, losing $1.19M.https://t.co/5tx1g9vs6Lhttps://t.co/msm0ONmniu pic.twitter.com/glyBDgHfL8
— Lookonchain (@lookonchain) July 24, 2025
This significant sell-off has erased the modest gains PUMP had achieved after finding a brief price floor level around $0.0036 earlier in the week. The crypto token has now experienced a decline exceeding 24% within the last 24 hours and is down nearly 56% from its all-time high.
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Pump Crypto Encounters Backlash as Airdrop Delay Diminishes Community Confidence
The community’s discontent has been steadily increasing as Bull run.fun postpones information regarding the free token distribution that was promised during its record-setting $600 million ICO. While Alon has confirmed that an airdrop will eventually happen, he emphasized that the team is focusing on long-term ecosystem growth rather than immediate coin incentives.
We want to ensure that it is a significant airdrop and implemented effectively. However, the airdrop will not occur in the immediate future.”
This decision has sparked controversy. When launching a token and pledging an airdrop, it’s meant to reward initial supporters: those who contributed to building momentum. Prolonging it indefinitely creates opportunities for free token distribution farming and damages trust. Delaying rewards for loyal users by a year defeats the entire purpose.
The choice to postpone, combined with whale sell-offs at a loss, indicates waning confidence in short-term price movements.
For the time being, Bull run.fun remains a major player in Solana’s crypto token ecosystem, having generated $774 million in revenue and issued over 12 million tokens. However, if the team fails to rebuild community trust and fulfill its commitments, BULL RUN may continue to experience downward pressure, particularly with rising competitors like LetsBonk gaining traction.
Solana Crypto Price Hit $200 Before -9% Sell Off: Best Crypto to Buy Now?
Solana has undergone a tumultuous period recently, climbing more than 10% from $180 to $200 within 3 days. This surge was followed by an overnight sell-off, which reversed the entire gain. As the crypto market experiences a slight dip, many traders are questioning, ‘What is the optimal crypto to buy right now?’
XRP Recovers to $3 After 16% Decline – Is the Rally Losing Momentum?
XRP has been among the highest-performing altcoins in this cycle, rising 72% over the past month. However, after reaching a local peak of $3.67, the crypto token sharply fell to $2.96 in the past 24 hours before bouncing back above $3, currently trading at $3.05.
On-chain indicators suggest that XRP’s price breakout may be slowing down. First, data from CryptoQuant reveals that XRP’s trading platform reserve on Binance reached a yearly peak of 2.98 million tokens valued at over $10 million. When coins flow to exchanges, it frequently indicates a selling intention.
XRP’s taker buy/sell ratio has remained under 1 since July 10, currently sitting at 0.88. This suggests that futures traders are selling more than buying, contributing to the pessimistic sentiment.
While XRP continues to be one of the most robust altcoins of the cycle, these metrics hint at a possible short-term dip. If selling persists and XRP’s price breaches the $2.95 mark, the next support level is close to $2.65.
The post [LIVE]PUMP Price Crashes Amid Airdrop Delay As BTC Fights to Hold $117,000 appeared first on 99Bitcoins.
