🚀💰 “Fiery Return of PUMP”… The meme coin jumps after injecting $30 million into the market! 📈
The price of the “PUMP/USD” token, related to the “Pump.fun” platform built on the Solana network, jumped about 20% on July 16, reaching its all-time high of $0.00681! 🤩
*Details of the Surge:* 📊
1️⃣ *PUMP Price*: Rose to $0.00681, then fell to about $0.0063 at the time of this report! 📊
2️⃣ *Daily Gains*: Estimated at 14%! 📈
3️⃣ *Buyback Campaign*: Funded by operational fees, totaling $30.6 million (187,770 SOL)! 💸
*Buyback Details:* 📝
1️⃣ *Amount Spent*: About $19.26 million (118,351 SOL) to purchase approximately 2.99 billion tokens at an average price of $0.0064! 💰
2️⃣ *Campaign Funding*: From operational fees stored in the platform's wallets! 📈
*The Controversy Surrounding the Coin:* 🤔
1️⃣ *Criticism*: Regarding the feasibility of this move, especially in light of the absence of practical benefits for the token, such as governance, staking, or revenue sharing! 🤨
2️⃣ *Concerns*: That the buyback may only be used to support the price without addressing core issues! 📝
*The Competition:* 🔄
1️⃣ *Competing Platforms*: Such as “LetsBonk”, which recently excelled in launch volumes and project success rates! 🚀
2️⃣ *Decline in Trading Volume*: On “Pump.fun” from $11.6 billion in January to $3.65 billion in June! 📊
*Platform Response:* 📈
1️⃣ *Acquisition of Analytics Platform*: “Kolscan”! 📊
2️⃣ *Implementing Smart Buyback Strategies*: Based on time-weighted average price, funded by platform fee wallets! 📈
*Summary:* 🤝
- *Future of PUMP*: Depends on the team's ability to address core issues and regain market confidence! 💪
- *Investment Opportunities*: Is it profitable to invest $2,000 in PUMP now? 🤔
#pump #pumpfun #سوق_العملات_الرقمية #BinanceHerYerde #BinanceMegadrop
