Pump.fun's PUMP token has seen a staggering drop of over 63% since its ICO, leading to questions about its future. Despite hype generated by a $600 million ICO and significant business success with revenue generation, PUMP's performance has faltered due to unmet investor expectations, particularly regarding promised airdrops, and heightened selling pressure after its launch. The token currently trades at $0.0024, far below its initial value, and is the worst performer among the top 100 cryptocurrencies. The sentiment is exacerbated by a class-action lawsuit claiming that Pump.fun operates an unlicensed casino scheme. Technical analysis reveals a pervasive bearish trend, as every indicator suggests continued selling pressure. A lack of bullish signals complicates the outlook, with traders likely to see a downward trajectory unless PUMP manages to break above certain resistance levels. Until the situation improves, investors remain wary, with market sentiment firmly against recovery efforts.

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