Pump.fun Token Tumbles 12% After iOS App Delisting; Blockworks Research Sees Undervaluation

1 hour ago 2 sources neutral

Key takeaways:

  • Long liquidations flushed $4.2M leverage, but RSI at 40.60 signals more downside.
  • Temporary iOS delisting threatens user access, yet buyback-and-burn from new pairs may cushion PUMP.
  • Analyst valuation range implies PUMP is undervalued, but bear case warns of 50-75% downside.

Pump.fun’s native token PUMP fell 12.5% over 24 hours to $0.004002, with its market capitalization at $1.659 billion and an intraday range between $0.003977 and $0.004821. The token ranks #52 by market cap, while 24-hour trading volume reached $389.33 million, led by Binance at $414.68 million, OKX at $225.64 million and Hyperliquid at $210.97 million.

According to CoinGlass data, liquidations totaled $5.42 million in 24 hours. Long positions accounted for $4.20 million of those losses, including $3.89 million in a 12-hour window, while shorts lost $1.22 million. On the 4-hour chart, PUMP broke down from an ascending channel that had supported price for over a week. RSI dropped to 40.60, below its moving average of 52.80, signaling a shift away from the prior uptrend. Crypto analyst Mr Bullish noted that a bullish trendline supporting PUMP for nearly two months has broken, warning that a confirmed breakdown could lead to a deeper correction. If buyers defend support, PUMP could rebound toward $0.004638, $0.004944 and $0.005231; if support fails, levels at $0.003902, $0.003612 and $0.003357 are in focus.

Pump.fun’s mobile app was temporarily removed from US and Indian iOS App Stores, with the team saying it expects the app to return soon and no reason given for the delisting. The platform also rolled out 20 new token pairs tied to tokenized stocks, metals and major cryptocurrencies. Half of the revenue from these pairs will be used to buy back and burn PUMP tokens. Fully diluted valuation stands at $3.341 billion, total value locked at $326.497 million and max supply at 1 trillion tokens.

Separately, Blockworks Research analyst Shaunda Devens assessed PUMP based on three scenarios. Pump.fun’s annual revenue reached $677 million while its price-to-sales ratio was only 2.8x, and cumulative revenue since 2024 reached $1.37 billion. Using probability weights of 25% bearish, 50% base and 25% bullish, the report calculated a valuation range of $0.0108–$0.0205, representing 2.3–4.4 times the current price. In a negative market scenario, PUMP could fall to $0.0011–$0.0019, a 50–75% decline.

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