Why is Pump.fun down today?

$PUMP is down 5.4% over 24 hours at $0.00473, with no token-specific news behind the move — it's tracking a broad risk-off session in crypto. September CPI came in at 3.7%, above forecasts, pushing Treasury yields higher and putting a Fed hike back on the table. Bitcoin fell 2.1% to $81,576 on the same catalyst, and high-beta small caps like PUMP typically amplify those moves.

Washington adds to the pressure. Patrick Witt is exiting his role as the White House's top crypto adviser with the Clarity Act stalled, leaving US market-structure rules unresolved. The OCC also reported that nine major US banks maintained debanking policies affecting digital-asset issuers and exchanges, with further rules under consideration and no bank-specific penalties announced.

The weakness is more pronounced over the week: PUMP is off 24.9% versus Bitcoin's 2.0%, a gap consistent with speculative memecoin-infrastructure tokens underperforming when liquidity tightens. Market cap stands at $2.19B on $173.04M of 24-hour volume.