New crypto hype? Pump token puts brilliant start
Pump.Fun's new pump token starts with an impressive crypto course jump. Despite previous criticism, the Memecoin experiences a strong debut.
Particularly striking: over half of the trade takes place on decentralized stock exchanges. The community is split – but the hype is there.
Pump is now available for crypto trading
Pump.fun, the most popular Memecoin launchpad, caused a lot of attention with his new pump token. After the initial confusion regarding the start of the start, the pre -sale took place on July 12th and was sold out within 12 minutes.
Today, the pump trade is now accessible to the public, so that small investors can also participate:
As far as token starts are concerned, Pump.fun achieved great success with Pump.
Sea Data Pump started from GMGN with a course of $ 0.0061301, which gives him a fully watered evaluation (FDV) of USD 6.13 billion. This is impressive compared to the public sales price of $ 0.004, which corresponds to an increase of around 53.25 percent.
Of course, the course of the crypto token fluctuated during the day when small investors wanted to make profits. After Pump.fun announced public trade, Pump dramatically climbed, but quickly fell back.
Nevertheless, the current course is above the evaluation of the advance booking, which seems to be an encouraging sign.
Around 55 percent of the trading volume is currently on decentralized stock exchanges, with only bybit and Kucoin CEXs represent. Pump.funs own pumpswap platform Occurs about 20 percent of pump trade activity, and raydium and meteora form most of the rest of the remaining Dex volume.
All in all, Pump.Fun did pretty well with the pump start. The pre-sale had several important setbacks in addition to the announcement of the announcement: the platform lost its market dominance, the crypto community criticized the pre-sale, and many whales bet against the token.
Nevertheless, Pump had a good appearance and delighted the audience. While Binance has not yet listed the crypto token on his spot market, Pump is already available on Binance Futures.
Disclaimer
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