PUMP(Pumpfun)24 hours pump 13.50%

Gate News Bot message, August 12, according to CoinMarketCap data, as of the time of writing, PUMP( Pumpfun) is currently at $0.00360657, up 13.50% in the last 24 hours, with a high of $0.00361544 and a low of $0.00304387. The 24-hour volume reached $499 million. The current market capitalization is approximately $1.277 billion, an increase of $152 million compared to yesterday. Currently ranked 73.

Pump is a platform that allows anyone to create tokens. All tokens created on Pump adopt a fair issuance model, which means that when the tokens are first created, everyone has an equal opportunity to buy and sell. Users can choose their preferred tokens, purchase on the binding curve, and can sell at any time to lock in profits or losses.

PUMP Recent Important News:

1️⃣ Re-dominating the Solana Meme coin launchpad market Pumpfun surpassed LetsBonk again on August 6, becoming the dominant player in the Solana meme coin launchpad market. The latest data shows that Pumpfun's market capitalization has reached approximately 75%, leading the number of new token launches ahead of competitors. This consolidation of market position helps enhance the value and appeal of the PUMP token.

2️⃣ Institutional investors are actively positioning Many well-known cryptocurrency traders have recently shown a keen interest in PUMP. One investor established a PUMP position worth $7.85 million on the Hyperliquid platform, holding 2.3 billion tokens, and has currently realized $1.26 million in unrealized profits. Another investor accumulated 1.06 billion PUMP in a short period, worth $3.28 million, and established a long position with 3x leverage. These large-scale investment actions reflect institutional investors' optimistic attitude towards PUMP.

3️⃣ The platform launches an income dashboard to enhance transparency Pumpfun recently launched the income dashboard feature, allowing users to track the platform's daily income and PUMP token repurchase situation in real time. Data shows that the amount used to repurchase PUMP in the past 6 days was approximately 8740 SOL, accounting for 102% of the total income during the same period. This initiative not only enhances the transparency of the platform but also demonstrates the team's support for token holders.

From a technical perspective, the PUMP price fluctuates between $0.00304387 and $0.00361544, showing strong upward momentum. However, the market also faces potential risks, such as fluctuations in platform market share and possible regulatory pressures. Investors need to closely monitor the platform's subsequent developments and changes in large holder positions.

This message is not an investment advice; investors should be aware of market volatility risks.