PUMP (Pump.fun) fell 1.30% in the last 24 hours.

Gate News Bot news, on October 15, according to CoinMarketCap data, as of the time of writing, PUMP (Pump.fun) is currently priced at $0.00406108, having fallen by 1.30% in the last 24 hours, with a high of $0.00616014 and a low of $0.00113337. The 24-hour volume reached $384 million. The current market capitalization is approximately $1.438 billion, a decrease of about $18.98 million compared to yesterday.

Important news about PUMP recently:

1️⃣ Platform revenue shows a downward trend The Pump.fun platform's 24-hour revenue has dropped to $885,000, lower than its competitor Four.Meme on the BNB Chain, which has $1.4 million. This indicates that the speculative frenzy on the Solana chain may be cooling down, posing challenges for platform activity and user engagement. The decline in revenue could put pressure on the price of the PUMP token.

2️⃣ Large amount PUMP transfer to exchange raises attention On October 6th, a wallet suspected to be associated with the Pump.fun team transferred 3.126 billion PUMP (approximately $20.54 million) to an exchange. This large token transfer may raise market concerns about potential selling pressure, negatively impacting short-term price movements.

3️⃣ Some investors have incurred significant losses Recently, large investors have suffered significant losses on PUMP long positions. The long position of a well-known investor was liquidated, resulting in a loss of $4.92 million. Such large losses may trigger fluctuations in market sentiment and could lead to further selling pressure.

The price of PUMP tokens has shown significant volatility recently. From a technical perspective, the PUMP price experienced substantial fluctuations in the past 24 hours, rebounding from a low of 0.00113337 USD to a high of 0.00616014 USD, indicating strong market volatility. From a fundamental perspective, declining platform revenue and potential selling pressure may continue to pose challenges to the PUMP price.

This message does not constitute investment advice; investors should be aware of market volatility risks.