Key Notes

PUMP trades 7.2% lower, holding above key support at $0.0034.

DeFiance Capital’s founder questions why price lags despite major buybacks.

Community concerns grow amid fading meme coin hype.

Pump.fun (PUMP) has slipped 7.2% in the last 24 hours, trading just above a crucial support zone at $0.0034.

PUMP, one of the top meme coins , has been in a persistent two-month downtrend, losing roughly 58% of its value since mid-September.

This PUMP price drop has sparked criticism across the crypto community, including from Arthur Cheong, founder of DeFiance Capital. Cheong recently questioned on X why the meme coin remains below its July public sale price of $0.004 despite aggressive buybacks.

The executive noted that Pump.fun has already bought back around 11% of the circulatin

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