Pump.Fun (Pump), the token of the Memecoins de Solana creation platform, is the best weekly performance in the top 100 market capitalization.
In the past 7 days, Pump prices have now gone from $0.0047 to $0.0081As can be seen in the following graph, this represents an increase of 72%.
Given this incredible performance, doubts arise among investors. What’s behind the powerful rebound of the pump?
That’s the first thing to mention Tokens are listed in Binance, Bitcoin Exchange (BTC) and the world’s largest cryptocurrency. Inclusion in a large exchange platform will increase visibility and demand assets, in addition to generating PHOMOs among investors. In other words, it’s the fear of missing out on the opportunity to make a big profit.
Similarly, it should be noted that there is a pump in the last 24 hours.
This is important to point it out The Pump.Fun team has a Pump Tokens repurchase program. Users can follow it through the Income Panel, a tool that allows them to monitor daily income and past purchases of tokens in real time.
The mechanism began to be implemented at the end of July with the aim of reducing distribution offers and potentially promoting the value of pumps. Data available on the panel shows that $98.4 million has been purchased at the pump so far, accounting for 6.7% of the total circulation.
Since the repurchase program was launched, Pump prices rose 53%.
Another important factor was the launch of the ASCE project. It aims to expand the usefulness of Pump.fun beyond creating Memecoins. The initiative is looking to transform the platform into tools and service centers within the Solana ecosystem, with an emphasis on developer scalability and support.
We need to see if this proposal is so fascinating that the protocol is considered a passing trend and cannot be integrated as an associated actor within the Web3 infrastructure.
This way the pump seems to be left behind Criticisms faced at the beginning of July for possible price manipulationas reported by Cryptonoticia, when the tokens were launched on the market.
