The biggest loser among the top 100 coins today is $PUMP .
It’s currently at $0.00368, down 6.67% in 24 hours, 14% in 7 days, and 35.8% in 30 days. Its market cap is down to just $1.68 billion, a 59% drop from its peak of $0.008994. Someone who bought $10,000 worth at the November 6 closing price of $0.003917 is now left with just $9,418, losing $582 in two days. Those who bought a week ago are worse off: their $10,000 is now worth only about $8,600. Liquidations totaled $3.23 million over 24 hours, with longs accounting for nearly all of them.
Pump.fun just launched its experimental Diamond rewards algorithm yesterday and renamed the original system Degen, but the good news couldn’t prop up the price. The chart shows a steady decline over the past 30 days. This candlestick tells you that no matter how hot the narrative gets, meme platform tokens can’t withstand the broader market draining liquidity. Those who bought at the top are lining up to cut their losses.
#Pumpfun #meme coin
It’s currently at $0.00368, down 6.67% in 24 hours, 14% in 7 days, and 35.8% in 30 days. Its market cap is down to just $1.68 billion, a 59% drop from its peak of $0.008994. Someone who bought $10,000 worth at the November 6 closing price of $0.003917 is now left with just $9,418, losing $582 in two days. Those who bought a week ago are worse off: their $10,000 is now worth only about $8,600. Liquidations totaled $3.23 million over 24 hours, with longs accounting for nearly all of them.
Pump.fun just launched its experimental Diamond rewards algorithm yesterday and renamed the original system Degen, but the good news couldn’t prop up the price. The chart shows a steady decline over the past 30 days. This candlestick tells you that no matter how hot the narrative gets, meme platform tokens can’t withstand the broader market draining liquidity. Those who bought at the top are lining up to cut their losses.
#Pumpfun #meme coin
