Fomo, a social trading app, surpassed Pump.fun in daily revenue with $1.76 million versus $1.1 million, yet Pump.fun remains dominant over the past 30 days with $57 million compared to Fomo's $17.6 million. Despite Fomo's one-day win, the crypto market seems unfazed as the PUMP token rose 7.8% in 24 hours, showing a disconnect between daily revenues and token price performance. This suggests investors focus on long-term trends rather than short-term revenue spikes. Fomo aims to challenge Pump.fun with its social trading features and recent $75 million funding, but Pump.fun's established user base keeps it in the lead for now.
Pump.fun's daily revenue, which funds half of its token buyback and burn program, fell 16% from $1.89 million on October 5 to $1.59 million on October 9, causing the token price to drop 16.8% from its weekly high. The buyback program, running until A...
The PUMP token from the token-launch platform Pump.fun fell 7.2% over 24 hours to about $0.0055 on October 9, with trading volume declining by 20% to $427 million. The token hit an intraday low of $0.0052 during the drop, following a brief one-hour g...
NEAR Protocol (NEAR) experienced the largest drop among the top 90 cryptocurrencies, falling 16.41% to $4.47 in a 24-hour period ending Oct. 8. Other notable declines included Pump.fun, LayerZero, Zcash, and Venice Token, all down over 10%. The marke...
On October 9, several altcoins experienced significant declines following a drop in Bitcoin's value. ORCA fell 17.75% to $2.358, MINA dropped 16.27% to $0.0777, NEAR decreased 15.88% to $4.517, ZEC lost 10.46% trading at $1,194, and PUMP fell 9.54% t...
NEAR Protocol (NEAR) saw the steepest drop among major cryptocurrencies, falling 15.58% to $4.58 amid widespread market losses over 24 hours ending Oct. 8. Out of the top 90 cryptocurrencies by market cap, 67 declined while 23 advanced. Other notable...
