PUMP (Pump.fun) rose 14.03% in the last 24 hours.

Gate News Bot message, October 30, according to CoinMarketCap data, as of the time of writing, PUMP (Pump.fun) is currently priced at 0.00521346 USD, having risen 14.03% in the last 24 hours, with a peak of 0.00527158 USD and a low of 0.00375639 USD, and a 24-hour volume of 532 million USD. The current market capitalization is approximately 1.846 billion USD, an increase of 227 million USD compared to yesterday, currently ranked 48th.

Pump is a platform that allows anyone to create tokens. All tokens created on Pump are fairly released, which means that when the tokens are first created, everyone has an equal opportunity to buy and sell. Users can choose their preferred tokens, purchase on the bonding curve, and can sell at any time to lock in profits or losses.

PUMP Recent Important News:

1️⃣ Famous investors open large PUMP long positions Huang Licheng (Machi) has partially closed his HYPE long position and opened a 10x leveraged PUMP long position. This move reflects the optimistic attitude of significant investors towards PUMP, which may have a positive impact on market sentiment and drive the PUMP price rise.

2️⃣ Large capital inflow PUMP market A large investor withdrew 1.29 billion PUMP from the trading platform, worth approximately $6.39 million. The address has accumulated 3.3 billion PUMP over the past two weeks, equivalent to about $16.38 million at current prices. This large-scale capital flow indicates that institutional investors maintain strong interest in PUMP, potentially providing strong price support for PUMP.

3️⃣ Pump.fun strategically acquires trading terminal Padre Pump.fun announced the acquisition of the trading terminal Padre, a move that will significantly upgrade the user experience of Pump.fun. Padre will continue to operate on multiple blockchains, including Solana, BNB Chain, Ethereum L1, and Base. This acquisition is expected to enhance the market competitiveness of Pump.fun and may have a positive impact on the long-term value of the PUMP token.

From a technical perspective, the current price of PUMP has broken through previous highs, showing a strong rise trend. However, investors should be aware that a rapid influx of large amounts of capital may lead to increased price volatility. At the same time, events such as mergers and acquisitions may trigger market sentiment fluctuations in the short term.

This message is not investment advice, and investors should be aware of market volatility risks.