Absolutely wrecked, absolutely wrecked. The big influencer’s namesake coin has plunged from a $450 million market cap to just $40 million 😂
The coin launched on pump.fun on June 16, with a starting price of around $0.0000356. Later, a very well-known influencer in the Solana community personally endorsed it, and on July 6 it shot straight up to $0.449, reaching a market cap of roughly $450 million. Around that time, he also gave away tokens via an airdrop and talked about long-term goals. Holders were more hyped than the next.
After that, it slowly drifted downward. Today, the price is around $0.040, down about 91% from its peak. It’s fallen another 11% or so in the past 24 hours, and the market cap is now only around $40 million.
The things he’s been up to over the past few days probably make holders feel even worse. Some people noticed that he changed his iconic black bull profile picture. He’s barely mentioned the coin in recent weeks, though he has said that the broader market may still have further to fall. The only response holders have gotten is: “job not finished.”
The comments have split into two camps. One is still holding on, saying it’s a bargain at this price. The other is straight-up cursing him out, and someone even launched a black bear coin to bet against him. One person commented that if it doesn’t get back to its all-time high soon, they’ll lose their house. They said it half-jokingly, but it really doesn’t sound much like a joke.
I took a look at the daily chart. The candle from that July pump is still standing there, while the price has been stepping downward for the past four months. Anyone still holding probably has to take a deep breath every time they open their wallet.
My advice for beginners: watch more and trade less. If you’re buying crypto, just buy $BTC
The coin launched on pump.fun on June 16, with a starting price of around $0.0000356. Later, a very well-known influencer in the Solana community personally endorsed it, and on July 6 it shot straight up to $0.449, reaching a market cap of roughly $450 million. Around that time, he also gave away tokens via an airdrop and talked about long-term goals. Holders were more hyped than the next.
After that, it slowly drifted downward. Today, the price is around $0.040, down about 91% from its peak. It’s fallen another 11% or so in the past 24 hours, and the market cap is now only around $40 million.
The things he’s been up to over the past few days probably make holders feel even worse. Some people noticed that he changed his iconic black bull profile picture. He’s barely mentioned the coin in recent weeks, though he has said that the broader market may still have further to fall. The only response holders have gotten is: “job not finished.”
The comments have split into two camps. One is still holding on, saying it’s a bargain at this price. The other is straight-up cursing him out, and someone even launched a black bear coin to bet against him. One person commented that if it doesn’t get back to its all-time high soon, they’ll lose their house. They said it half-jokingly, but it really doesn’t sound much like a joke.
I took a look at the daily chart. The candle from that July pump is still standing there, while the price has been stepping downward for the past four months. Anyone still holding probably has to take a deep breath every time they open their wallet.
My advice for beginners: watch more and trade less. If you’re buying crypto, just buy $BTC
