Pump.fun, the main Memecoin Launchpad of Solana, has a strong significant sign of recovery after a rough departure. The pump is rally strongly, and the new highs are $ 0.00849. As the market activities around the project increased, the market capitalization was raised to $ 28.6 billion.
The repurchase program restores confidence
The team’s team launched a repurchase program for the default pump tokens and has been effective in raising prices so far.
It was one of the most critical ICOs when the pump was fired. Token prices have fallen more than 60%, raising concerns about token genetics. So far, the BURYBACK program has made steady demand by pushing about $ 2 million worth of pumps into the market every day.
The platform’s fees are rising, total value immersion is increasing, and the pump has become the second most active token in liquidity in Solana.
However, according to trading activities, most of this meeting is still led by small retail investors, not large whales. Permanent future transactions also support short -term price movement, and most leverage betting is optimistic.
Weekly profit and short -term goals
Over 71%of the last week, the pump is one of the fastest moving tokens in the Solana ecosystem.
Analysts predict that the amount of exercise is optimistic if the pump increases the support level of $ 0.0069. The short -term price target refers to $ 0.01 (1 %), while some long -term predictions say that the pump can be much higher during the bullying cycle.
Currently, the pump is one of the most common tokens in the market, and despite concerns about whether all transactions are organic.