Solana -based Memecoin platform pump.fun, after aggressive reputation Pump Token’i brought back to the agenda. These moves increased the trust of the traders to the project and increased optimism that PUMP could remain in the heart of Solana -based retail mobility.
REMPROKER RECEIVES SUPPORT PRICE
In August, Pump.fun has recovered over $ 62 million in August. Between 20-26 August, a budget of $ 10.66 million, which corresponds to more than 99 %of its weekly income, was released.
In addition, in the first two weeks of the month, approximately 3 billion token was collected with a purchase of 19.26 million dollars and the circulating supply decreased by close to 1 %. The purchases made to date have compensated more than 4.2 %of the total supply.
Each reproduction reduces sales pressure and shows investors that the platform supports its own token with revenues. This approach increased the PUMP price by over 30 %in the last month after the low levels at the end of July.
The effect of these moves was reflected in market value data. Pump, which has a harsh decline in mid -July, has re -exceeding the $ 1 billion threshold, and is currently about $ 1.29 billion. The fully diluted market value exceeds $ 3.6 billion and reveals the long -term potential of the platform.
The volume of transaction, which exceeds $ 335 million in the last 24 hours, points to strong liquidity for Pump while the volumes of other dexes on Solana fall. These data make Pump.fun one of the most active and profitable applications in Solana.
Pump.fun domination withdraws traders
The rise in Pump.fun is not only due to reputation, but also from the recovery of the market share. The platform, which constitutes 11 %of the coins on Solana at the beginning of August, was balanced by around 90 %in a few weeks and balanced around 62 %.
The number of daily active users exceeded 38,000, and has been far ahead of platforms such as their rival Letsbonk. In addition, projects such as $ Troll, which gained 250 %, feed the speculative energy of Pump.fun. The creation of more than 293,000 tokens in only two weeks reveals how much interest the platform attracts among individual investors.
Positive technical view
Technically, the PUMP increases the short -term moving averages and gives upward signals. Indicators such as RSI and Macd also point to rise. The current price of $ 0.003625 is close to the $ 0.00375 resistance zone. If this level is exceeded, the price may rise above $ 0.004 before July.
However, uncertainties about the sustainability of intensive reputation are creating question marks in long -term appearance. In particular, more than half of the circulating supply are early investors. In case of sudden sales, the market can wave again.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
