Pump.fun's price rally was supported by Jupiter accumulating 1.6 billion PUMP tokens worth $5 million and strong protocol-funded buybacks fueled by rising revenue. Jupiter's wallet became the 35th largest holder, steadily buying and reducing tokens available for sale. The protocol generated $1.16 million in daily revenue and used 50% of net revenue to buy and burn tokens, cutting supply by over 16%. Exchange outflows further tightened supply, helping push the price above $0.003698 toward $0.0045. However, the high RSI suggests a possible short-term price cooling despite strong demand and trend momentum. Holding above $0.003698 is key for further gains, while dropping below could lead to a pullback to $0.003203.
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A trader opened a $6 million 10x leveraged long position on Pump.fun (PUMP), signaling strong bullish confidence as the token rose 8.51% in 24 hours to around $0.003017. The position’s liquidation price is set at $0.002852, making this level critical...
The crypto market gained momentum with total capitalization rising to about $2.2 trillion, driven by strong ETF inflows and positive investor sentiment. Bitcoin remains above $64,000 supported by nearly $486 million in weekly ETF inflows, while Ether...
