Pump.fun Token Plunges 12% Amid $29.7M Sandwich Bot Attacks
Key Summary
Pump.fun token has experienced a 12.68% decline in the past 24 hours, with 96% of detected sandwich attacks on the Solana blockchain targeting the platform. The $29.7M estimate of losses is a significant blow to user trust and may impact PUMP token prices in the future.
Analysis of the PUMP Token Price Drop
Pump.fun token has corrected by 25.8% in the past nine days and has experienced a 12.68% decline in the past 24 hours as of writing. This decline came alongside a Bitcoin price slide below $83k, but there were other factors affecting PUMP token sentiment.
Background on Sandwich Bot Attacks
Blockchain data provider Bitquery published data on the vast number of sandwich attacks on Solana. Between the 30th of October, 2025, and the 7th of October, 2026, they counted 6.85 million sandwich attacks made by 2,545 bot wallets against 2,154,994 different wallets. Notably, 96% of the detected attacks were on the Pump.fun platform, where most new Solana memecoins start trading.
Impact on User Trust and PUMP Token Prices
The $29.7M estimate of losses is a significant blow to user trust and may impact PUMP token prices in the future. The findings likely damaged user trust and could have a bigger impact on PUMP token prices in the future.
Technical Analysis of PUMP Token
PUMP has been trending higher in recent weeks, starting in early August when the $0.00225 swing high was breached. The A/D indicator has been steadily rising since the second half of August. The CMF also had a couple of weeks where the indicator's values were consistently around +0.20 to signal heavy capital inflows. This demand helped the altcoin rally to $0.0054 and $0.0068. The retracement in the past nine days was within this uptrend.
Buying Opportunity for Swing Traders and Investors
The golden pocket between $0.0041 and $0.0047 could be a buying opportunity for swing traders and investors.