PUMP (Pump.fun) has fallen 10.31% in the last 24 hours.

Gate News Bot news, on August 22, according to CoinMarketCap data, PUMP (Pump.fun) is currently priced at 0.00282137 USD, down 10.31% in the last 24 hours, with a highest price of 0.00381653 USD and a lowest price of 0.00276682 USD. The 24-hour volume reached 212 million USD. The current market capitalization is approximately 999 million USD, a decrease of nearly 115 million USD compared to yesterday.

Pump.fun is a platform that allows anyone to create tokens. All tokens created on Pump adopt a fair launch model, which means that everyone has an equal opportunity to buy and sell when the token is first created.

PUMP recent important news:

1️⃣ Token buyback plan continues The Pump.fun platform is actively implementing a token buyback strategy, with a total buyback amount of approximately 10 million USD per week. This initiative aims to reduce circulating supply, boost prices, and convey long-term confidence. The buyback mechanism is similar to corporate stock repurchases, but its sustainability will depend on the platform's revenue and operational capabilities.

2️⃣ Platform market share significantly leads In the Solana ecosystem, Pump.fun dominates the token issuance platform. Recent data shows that Pump.fun has a 24-hour token issuance volume of approximately 20096 types, with a market share of up to 63.6%. This advantageous position highlights the platform's user recognition and activity.

3️⃣ Cumulative income breaks through a milestone The Pump.fun platform has accumulated revenue of over 800 million USD, primarily derived from 1% trading fees. The platform's daily income consistently exceeds 1 million USD, demonstrating strong profitability and sustainability. This level of income provides a solid foundation for ongoing token buybacks.

From a technical perspective, the PUMP price fluctuates within the range of $0.00276682 to $0.00381653, showing significant volatility. Fundamentally, despite the platform's strong performance, the PUMP price still faces downward pressure. Investors need to closely monitor changes in the platform's market share, revenue trends, and the execution of buyback plans.

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

PUMP6.97%
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