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In the world of cryptocurrency, a highly publicized live broadcast triggered significant market fluctuations. Alon, co-founder of Pump.fun, conducted a voice interview on the Twitch channel of well-known cryptocurrency commentator notthreadguy at 4 AM. This live stream was jokingly referred to by some as the "FOMC" (Federal Open Market Committee meeting) of the cryptocurrency field, showcasing its influence.
The results showed that this live broadcast indeed had a significant impact on the market. During the live broadcast, the price of the $PUMP token plummeted by about 15%, and the daily decline was close to 20%, causing its market value to briefly fall below the $3 billion mark. What was supposed to be a live broadcast for communication with the community turned into a public relations crisis.
In the interview, alon responded to questions regarding the $PUMP airdrop. He reiterated that the team would fulfill their previous commitment made during the TGE (Token Generation Event), ensuring that the airdrop would reward community members who have supported the project's development over the past year and a half. alon emphasized that they hope to stimulate trading volume in the ecosystem and promote long-term development through a well-planned airdrop event.
However, Alon's statement seems to have failed to fully soothe market sentiment. He stated that the airdrop will not be implemented in the short term, which may have raised concerns among investors. At the same time, he also mentioned that the team's current focus is to redirect attention and interest back to the pump.fun platform itself.
It is worth noting that various speculations and rumors about the $PUMP airdrop are widely circulating in the community. Many people have speculated about the specific criteria and format of the airdrop, but alon's response did not confirm or deny these details.
This live streaming event once again highlights the high volatility of the cryptocurrency market and the significant impact of information dissemination on market sentiment. It also reminds us that effective communication between project teams and communities is crucial in the rapidly evolving Web3 space. In the future, how the pump.fun team rebuilds market confidence and balances short-term market reactions with long-term development strategies will be important challenges they face.