PUMP (Pump.fun) rose 13.51% in 24 hours.

2025-08-11 08:42:25

Gate News Bot news, August 11, according to CoinMarketCap data, as of the time of writing, PUMP (Pump.fun) is currently priced at $0.00357403, having risen 13.51% in the last 24 hours, with a peak of $0.00358884 and a low of $0.00277186. The 24-hour trading volume reached $275 million. The current market capitalization is approximately $1.265 billion, an increase of $151 million compared to yesterday.

Pump is a platform that allows anyone to create tokens. All tokens created on Pump are fairly issued, meaning that everyone has an equal opportunity to buy and sell at the time the token is first created.

PUMP recent important news:

1️⃣ Gate exchange is about to launch the PUMP/USDT trading pair Gate will launch PUMP/USDT spot trading on July 15, 2025, at 01:00 ( UTC+8. As the official token of the Pump.Fun protocol, this listing is expected to enhance its liquidity and trading activity, providing potential support for its price.

2️⃣ The platform launches the income dashboard to enhance operational transparency Pump.fun recently launched the revenue dashboard feature, allowing users to track the platform's daily income and PUMP token repurchase status in real-time. Data shows that approximately 8740 SOL was used for repurchasing PUMP in the past 6 days, accounting for 102% of the total income during the same period. This initiative not only enhances the platform's transparency but also demonstrates the team's support for token holders.

3️⃣ Large investors are actively positioning for PUMP Recently, several well-known cryptocurrency traders have shown a strong interest in PUMP. One investor established a PUMP position worth $7.85 million on the Hyperliquid platform, holding 2.3 billion tokens. Another investor accumulated 1.06 billion PUMP in a short period, worth $3.28 million, and established a long position with 3x leverage. These large-scale investment actions reflect institutional investors' optimistic attitude towards PUMP.

From a technical perspective, the PUMP price fluctuates between $0.00277186 and $0.00358884, showing some rise momentum. However, the market also faces potential risks, such as fluctuations in platform market share and possible regulatory pressure. Investors need to closely monitor the platform's subsequent developments and the changes in large holders' positions.

This message is not an investment advice, and investors should be aware of the risks of market fluctuations.

PUMP-5.43%

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