PUMP Token Plunges 12% Following Pump.fun App Removal from iOS Stores
Key Facts
In a move reflecting the mounting regulatory challenges facing cryptocurrency platforms, the PUMP token recorded a sharp 12.5% decline over 24 hours, reaching $0.004002. This drop was driven by reports that the Pump.fun platform's application was removed from major app stores, including the iOS store in key markets such as the United States and India. This action triggered immediate concerns among traders regarding the platform's ability to scale and maintain accessibility for its user base.
According to analyst data, this decline led to a wave of forced liquidations for long positions totaling approximately $4.20 million, while the token's market capitalization stood at roughly $1.659 billion. These developments come at a time when the platform was attempting to expand its services by launching new trading pairs linked to traditional and digital assets; however, the breach of a multi-day upward trend has placed the price under intense selling pressure.
Looking at the technical path, the price is currently testing critical support zones, with traders monitoring the $0.003902 level as an immediate downside target if negative momentum persists. Given that specific price data is unavailable in the database as of September 11, 2026, the outlook for the token remains heavily dependent on the app's potential reinstatement to digital stores or official clarifications from the platform regarding the removal.