$PUMP Weekend bloodbath: On Saturday, it plunged 13.4% at one point to $0.00386, posting the biggest drop among the top 90 coins, while over $1.36 million in long positions were liquidated across three exchanges. It then rebounded 8.8% overnight to $0.0042.
An interesting divergence: PumpFun’s fees hit a record $60 million over the past 30 days—the platform is making money while the token price falls. It also launched perpetual futures on Hyperliquid over the past two days (BTC 40x, ETH 25x), opening up a second revenue stream.
Technicals: There’s a dense cluster of long liquidations above $0.0042; it needs to hold above that level for a recovery to gain traction. Support is at $0.0035. Funding rates have returned to neutral, with neither bulls nor bears overcrowded.
Do you think this is a rebound after a deep drop, or the start of a reversal? What price are you expecting? 👇
#PUMP #Solana
(Not investment advice)
An interesting divergence: PumpFun’s fees hit a record $60 million over the past 30 days—the platform is making money while the token price falls. It also launched perpetual futures on Hyperliquid over the past two days (BTC 40x, ETH 25x), opening up a second revenue stream.
Technicals: There’s a dense cluster of long liquidations above $0.0042; it needs to hold above that level for a recovery to gain traction. Support is at $0.0035. Funding rates have returned to neutral, with neither bulls nor bears overcrowded.
Do you think this is a rebound after a deep drop, or the start of a reversal? What price are you expecting? 👇
#PUMP #Solana
(Not investment advice)