PUMP (Pump.fun) has fallen 10.46% in the last 24 hours.

Gate News Bot news, on September 23, according to CoinMarketCap data, PUMP (Pump.fun) is currently reported at 0.0056898 USD, which is a fall of 10.46% in the last 24 hours, with a highest of 0.00869551 USD and a lowest of 0.00560021 USD. The 24-hour volume reached 685 million USD. The current market capitalization is approximately 2.014 billion USD, a decrease of about 235 million USD from yesterday.

Pump is a platform that allows anyone to create tokens. All tokens created on Pump are fairly issued, which means that when the tokens are first created, everyone has an equal opportunity to buy and sell.

Important recent news about PUMP:

1️⃣ PUMP price fluctuates significantly PUMP has experienced significant price volatility recently. In the last 24 hours, the price fell from a high of $0.00869551 to a low of $0.00560021, a decline of over 35%. This drastic price fluctuation reflects the market's increased recognition of uncertainty and risk associated with the asset.

2️⃣ The behavior of large investors has attracted market attention The actions of some large investors have attracted market attention. A whale with an address starting with 0x880a reduced its short position in PUMP, decreasing its holdings by 190 million coins, with a position value reduction of approximately $2.01 million. At the same time, another well-known investor "Brother Maji" Huang Licheng's long position in PUMP has experienced an unrealized loss exceeding $5.6 million. These actions by large players may impact market sentiment.

3️⃣ Pump.Fun platform activity increases Despite the price fall, the activity on the Pump.Fun platform is still on the rise. Data shows that the daily active users of the Pump.Fun App have increased by over 450% in the past 90 days. Furthermore, in the market share of token issuance platforms on Solana, Pump.Fun ranks first with a 74.1% share, indicating that the platform's popularity among users is increasing.

From a technical perspective, PUMP may continue to maintain high volatility in the short term. Support may be around $0.00560, while resistance may be around $0.00869. Investors should closely monitor the operations of large holders and the platform's development, while also being wary of the risks that rapid changes in market sentiment may bring.

This message is not intended as investment advice; investors should be aware of market volatility risks.