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- Pump.fun ($PUMP) dropped by 7.85% in the last 24 hours to around $0.00176, with a market capitalization of around $1.04 billion and a 24-hour trading volume of approximately $67 million.
- The token is trading below its 50-day moving average with a bearish momentum signal, while data suggests that over 50% of Pump.fun traders recorded losses in March
- Despite the drop in $PUMP price, the ecosystem became the first Solana app to surpass $1 billion in cumulative lifetime revenue.
On March 26, Pump.fun’s native token $PUMP dropped by 7.85% in the latest 24-hour trading session, falling from $0.001901 to $0.001751.
According to CoinMarketCap, the token’s market capitalization is revolving around $1.05 billion with a 24-hour trading volume of approximately $88 million. This is another drop in a volatile March 2026, where $PUMP has already declined nearly 17% since March 18.
According to Coinglass, long-term holders have sold over 10 billion tokens on most days since late February, which adds steady selling pressure.
Why $PUMP Token is Dropping Despite $1 Billion Revenue Milestone
The dip comes even though Pump.fun achieved a historic achievement earlier this month. On March 11, the platform crossed $1 billion in cumulative lifetime revenue and became the first application on Solana to reach that level.
DefiLIama is showing that the platform earned $321.3 million in 2024, $664 million in 2025, and $98.3 million so far in 2026. Pump.fun is continuing to buy back its own $PUMP tokens with most of its daily revenue, which has totaled hundreds of millions of dollars in repurchases to date.
Despite the strong revenue, more than 50% of Pump.fun traders suffered losses, according to Dune Analytics data. Of all tracked wallets, over 50% recorded net losses, while 96% either lost money or made less than $500 in profit. Only two wallets made a profit of over $1 million.
This uneven outcome shows the high-risk nature of memecoin launches, where most participants lose even as the platform itself generates steady fees.
Technically speaking, the chart of the $PUMP price is trading under pressure. The cryptocurrency is trading below its 50-day simple moving average near $0.00203, which shows a bearish trend. The 14-day relative strength index is revolving around 25, which is showing oversold territory after a heavy selling pressure and the drop in the price.
At the time of writing, the immediate support is revolving around $0.00169 while major resistance levels revolve around $0.00200. A drop below the current support level could trigger major downward momentum to further losses of 5% to 6% in the short term. Volume-based momentum has also turned lower, which confirms weakening buyer interest.
On the flip side, if it breaks above the major resistance level, then it would spark a small rally in the cryptocurrency.
The entire memecoin sector is getting hit by a downward trend, where major memecoins like Dogecoin and Shiba Inu witnessed a small drop. Solana’s decentralized exchange volume dropped 62% from February peaks as retail excitement around new tokens cooled.
The growing geopolitical tension amid the Iran-U.S. war also sparked panic in the crypto market; however, it is showing great resilience. Amid the catastrophic situation in the global financial market, central banks have kept risk assets under pressure across crypto markets.
In the past week, Pump.fun capped fee wallet edits to a single change after launch to reduce manipulation by creators. The platform also rolled out support for trading external assets such as wrapped Bitcoin and USDC alongside its main memecoins.
Its co-founders have also unveiled major updates for 2026 that focus on user retention and the expansion of the cross-chain sector. On-chain records show registration of new subdomains for Ethereum Base and other networks, which suggests the team is preparing to move beyond Solana.
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