PUMP (Pump.fun) rose 4.49% in the last 24 hours.

Gate News Bot news, September 15, according to CoinMarketCap data, as of the time of writing, PUMP (Pump.fun) is currently reported at 0.00785325 USD, having risen 4.49% in the last 24 hours, with a high of 0.00883086 USD and a low of 0.00461297 USD, and a 24-hour volume of 1.405 billion USD. The current market capitalization is approximately 2.78 billion USD, an increase of 119 million USD compared to yesterday.

Pump is a platform that allows anyone to create tokens. All tokens created on Pump are fairly issued, which means that when the tokens are first created, everyone has an equal opportunity to buy and sell.

PUMP Recent Important News:

1️⃣ Creator income reaches new heights The income of creators on the Pump.fun platform continues to rise. In the past 7 days, the total income of creators reached a new high of 15.5 million USD, exceeding the protocol's own income of 1.45 million USD. This significant increase in income reflects a substantial rise in the platform's activity and attractiveness, becoming an important factor driving the rise in the PUMP price.

2️⃣ Large Long Position Establishment Multiple large leveraged long positions have emerged in the market. An investor has created 3 new wallets in a short period of time, using 5x leverage to long PUMP, with a total holding of 1.31 billion coins, worth approximately 6.3 million USD. Additionally, two large investors hold long positions in PUMP worth 7 million USD and 5 million USD respectively, with floating profits of 2.6 million USD and 1.9 million USD. The presence of these large long positions may drive the price of PUMP to continue rising in the short term.

3️⃣ Continuous Buyback Reduces Circulation The Pump.fun project has completed a buyback of 6.15% of the circulating chips in less than 30 days, and currently, only 33% of the market circulating chips remain. The next unlocking is expected to take place in mid-2026, with the circulating supply continuing to tighten. This ongoing buyback strategy helps to reduce market circulation, which may provide long-term support for the PUMP price.

From a technical perspective, the PUMP price has risen by 4.49% in the past 24 hours. This upward trend may be related to the increase in creator earnings, the establishment of large long positions, and ongoing buyback plans. However, it is important to note that high leverage positions may also bring significant volatility risks.

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