PUMP (Pump.fun) rose 16.06% in the last 24 hours

Gate News Bot news, on August 13, according to CoinMarketCap, as of the time of writing, PUMP (Pump.fun) is currently priced at $0.00399075, having risen 16.06% in the last 24 hours, with a high of $0.00413952 and a low of $0.00304558. The 24-hour volume reached $475 million. The current market capitalization is approximately $1.413 billion, an increase of $195 million compared to yesterday.

Pump.fun is a platform that allows anyone to create tokens. All tokens created on the platform are fairly issued, 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 them on the bond 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

Pump.fun surpassed LetsBonk again on August 6, becoming the dominant player in the Solana Meme coin launchpad market. The latest data shows that Pump.fun's market share has reached approximately 75%, leading the number of new token launches over its competitors. This consolidation of market position helps enhance the value and appeal of the PUMP token.

2️⃣ Large investors actively position themselves

Several well-known cryptocurrency traders have recently shown strong 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 has accumulated 1.06 billion PUMP in a short period, valued at $3.28 million, and has established a long position with 3x leverage. These large-scale investment actions reflect institutional investors' positive attitude towards PUMP.

3️⃣ The platform has launched an income dashboard to enhance transparency.

Pump.fun has recently launched the revenue dashboard feature, allowing users to track the platform's daily income and PUMP token buyback situation in real time. Data shows that approximately 8740 SOL was used for buying back PUMP in the past 6 days, accounting for 102% of the total income during the same period. This initiative not only enhances the platform's transparency but also demonstrates the team's support for token holders.

From a technical perspective, the PUMP price fluctuates between $0.00304558 and $0.00413952, showing strong rise momentum. However, the market also faces potential risks, such as fluctuations in platform market share and possible regulatory pressure. Investors need to closely monitor the platform's subsequent developments and changes in large holders' positions.

This message is not an investment advice, and investors should pay attention to market volatility risks.