Pump.fun's native token PUMP is facing increasing selling pressure, with $99.47 million flowing out of the market within 24 hours, causing its market capitalization to plummet from $715 million to $615 million, a 9.5% decrease. Currently, the token is testing a critical support zone between $0.0067 and $0.0083. Meanwhile, on-chain data shows a sharp decline in active users, and platform launch fees have dropped from a recent high of $781,600 to $0.