$PUMP This move was pumped from 0.0043 to 0.0051—up +15.59% in 24h, with trading volume of 231M. Honestly, I didn’t get on board, but I’m not panicking either.
My take might get people to criticize: this is the classic “ramp-up” before distribution. $PUMP ’s fundamentals are basically what they are—this meme stock trades on emotion. A 15% jump paired with 231M in volume, and the turnover is way too active; it shows chips are changing hands quickly. If it’s really going to run higher, the volume should increase moderately—not this violently.
Of course, if you want to say this is the start of a new leg, I can’t really refute that either, because this circle is specially good at giving everyone a lesson regardless of whether they’re confident. Whether it can hold above the 0.005 area is the key; if it can’t, it’ll most likely go back to test 0.0045. I’ll just grab a small seat and watch—you guys go first.
Anyway, without my position: if it rises, I’ll just watch the show; if it falls, I’ll still be watching the show.
My take might get people to criticize: this is the classic “ramp-up” before distribution. $PUMP ’s fundamentals are basically what they are—this meme stock trades on emotion. A 15% jump paired with 231M in volume, and the turnover is way too active; it shows chips are changing hands quickly. If it’s really going to run higher, the volume should increase moderately—not this violently.
Of course, if you want to say this is the start of a new leg, I can’t really refute that either, because this circle is specially good at giving everyone a lesson regardless of whether they’re confident. Whether it can hold above the 0.005 area is the key; if it can’t, it’ll most likely go back to test 0.0045. I’ll just grab a small seat and watch—you guys go first.
Anyway, without my position: if it rises, I’ll just watch the show; if it falls, I’ll still be watching the show.