Pump.fun has released 57.279 billion PUMP tokens valued at $86.49 million from its initial lock-up, distributing them across 121 wallets. This marks the start of a three-year vesting period for team members and early investors, following the end of a one-year lock-up. The vesting schedule aims to gradually increase token circulation and prevent sudden supply spikes. Market participants are closely monitoring future token unlock events as per the planned timeline.
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...
