Pump.fun’s native token, PUMP has experienced a resurgence, reclaiming the $0.004 mark amid significant smart money inflows. Data from Nansen indicates that smart money investors have increased their PUMP holdings by over 17%, signaling a renewed interest in the token
Despite a broader market downturn, PUMP has shown resilience, trading at $0.004, up 25% over the past month. This uptick follows a period of low retail interest, with Messari reporting a 47% decline in mindshare. The influx of smart money suggests a strategic accumulation phase, anticipating a potential rebound
The Pump.fun team has also been active, repurchasing over 9% of the token supply, though repurchases have slowed since September. Additionally, the platform continues to lead meme token launches on Solana, maintaining its position ahead of competitors like Four.meme Looking ahead, investors will be monitoring PUMP’s performance against key resistance levels and the ongoing buyback strategy to gauge the token’s potential for a sustained rally.
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Disclaimer: Crypto Economy Flash News are based on verified public and official sources. Their purpose is to provide fast, factual updates about relevant events in the crypto and blockchain ecosystem.
This information does not constitute financial advice or investment recommendation. Readers are encouraged to verify all details through official project channels before making any related decisions.
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Smart Money Flows Back Into PUMP as Whales Signal Renewed Confidence - Crypto Economy
Pump.fun’s native token, PUMP has experienced a resurgence, reclaiming the $0.004 mark amid significant smart money inflows. Data from Nansen indicates that smart money investors have increased their PUMP holdings by over 17%, signaling a renewed interest in the token
Despite a broader market downturn, PUMP has shown resilience, trading at $0.004, up 25% over the past month. This uptick follows a period of low retail interest, with Messari reporting a 47% decline in mindshare. The influx of smart money suggests a strategic accumulation phase, anticipating a potential rebound
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The Pump.fun team has also been active, repurchasing over 9% of the token supply, though repurchases have slowed since September. Additionally, the platform continues to lead meme token launches on Solana, maintaining its position ahead of competitors like Four.meme Looking ahead, investors will be monitoring PUMP’s performance against key resistance levels and the ongoing buyback strategy to gauge the token’s potential for a sustained rally.
Source:*
Disclaimer: Crypto Economy Flash News are based on verified public and official sources. Their purpose is to provide fast, factual updates about relevant events in the crypto and blockchain ecosystem.
This information does not constitute financial advice or investment recommendation. Readers are encouraged to verify all details through official project channels before making any related decisions.
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