PUMP/USDT 24-Hour News Highlights
In the past 24 hours, the native token PUMP of the Pump platform has seen a slight decline, currently hovering in the range of $0.0017 to $0.0019, down approximately 2%-5% from yesterday. The 24-hour trading volume is around $90 million to $100 million. Despite a mild adjustment in the overall cryptocurrency market before the holiday, PUMP remains among the top 100 by market capitalization, with a circulating market cap of approximately $600 million to $1 billion.
The biggest highlight is that PUMP ranks as one of the top losing cryptocurrencies in several reports, alongside altcoins like NIGHT and TAO, leading the market decline. Market analysis indicates that selling pressure has increased before the holiday, and PUMP continues its downward trend, breaking below the psychological level of $0.002. The RSI indicator has entered the oversold zone, with some traders viewing it as a potential rebound opportunity, but the MACD shows bearish signals, indicating significant short-term pressure.
Additionally, the platform's fee revenue is strong, recording over $1 million in fees in the past 24 hours, some of which is used for token buybacks to support price resilience. The community is discussing the long-term value of PUMP as a meme coin launchpad, but large holders' sell-offs and reduced market risk appetite limit the effectiveness of buybacks. The meme coin sector is overall weak at the year-end, and PUMP needs to break through the resistance at $0.0025 to reignite its upward momentum. Investors may pay attention to signals of recovery in the Solana ecosystem, as PUMP may seek breakthroughs in the integration of RWA and memes in 2026.
