PUMP (Pump.fun) rose 4.45% in the last 24 hours

Gate News Bot news, on September 2, according to CoinMarketCap data, PUMP (Pump.fun) is currently priced at 0.00356355 USD, with a rise of 4.45% in the last 24 hours, reaching a high of 0.00370524 USD and a low of 0.00286817 USD. The 24-hour volume has reached 260 million USD. The current market capitalization is approximately 1.261 billion USD, an increase of 53.7 million USD compared to yesterday.

Pump is a platform that allows anyone to create tokens. All tokens created on Pump are fairly issued, meaning that when a token is first created, everyone has an equal opportunity to buy and sell. Users can choose their preferred tokens, purchase them along the binding curve, and can sell at any time to lock in profits or losses.

PUMP recent important news:

1️⃣ The ongoing repurchase plan reduces circulation The Pump.fun platform continues to implement a token buyback plan, and as of now, the cumulative buyback amount has reached $58,134,191, which corresponds to offsetting 4.261% of the circulating supply. This ongoing buyback strategy helps to reduce market circulation, potentially providing support for the PUMP price.

2️⃣ CDL project successfully raised funds on Pump.fun The CDL project successfully raised $252 million on the Pump.fun platform, attracting nearly 80,000 addresses to participate. This large-scale fundraising event not only demonstrates the liquidity and user base of the Pump.fun platform but may also attract more project parties' attention, which is beneficial for the further development of the platform's ecosystem.

3️⃣ Pump.fun stands out in the Solana ecosystem Pump.fun has performed exceptionally well on the Solana network, with a single-day volume exceeding $900 million, ranking in the top three among Solana DEXs. This data highlights Pump.fun's leading position within the Solana ecosystem, reflecting the platform's strong appeal and user activity.

From a technical perspective, the PUMP price has seen a significant rise of 4.45% in the past 24 hours. This upward trend may be related to the platform's ongoing buyback plan, successful fundraising activities, and its advantageous position in the Solana ecosystem. However, it is important to note that in August, there were over 880,000 addresses on the platform experiencing varying degrees of losses, with total losses exceeding $64 million, which may impact investor sentiment in the short term.

This message does not constitute investment advice; investors should be aware of market volatility risks.