Many leading cryptocurrencies like Bitcoin (BTC) 🖤 Ripple (XRP) and Solana (SOL) have posted minor gains over the past 24 hours. Yet PUMP the native token of Pump.fun has outpaced them all and every top 100 digital asset after surging almost 20% to hit an 11-week high near 0.00215. 🌙 Crypto X members spotted ecosystem advancements that lifted the valuation while some believe the rally is only beginning. 🕸️
Pump.fun Slays Hyperliquid in Revenue 🦇
Several hours ago an X account tied to Pump.fun revealed that the meme coin launchpad generated 7-day revenue of almost 7.5 million dollars beating Hyperliquid which posted 7.31 million in the same stretch. 💋 The development sparked reactions from critics and fans of PUMP alike. X user LB argued that flipping Hyperliquid mid bear market counts as the funniest thing and wondered what happens next bull run.
“Pump revenue figures are going to get stupid. I predict we will see a period where PUMP does 250M a month in revenue. 4.1M in buybacks a day. ATH matter of when not if. The only thing you need to worry about as a pump holder is not selling too early” they added.
Pentosh1 also chimed in stating the math is mathing for the token and that rising on-chain activity should fuel the price since PUMP is here to stay.
“And I say this as someone who has been a PUMP hater” the analyst clarified.
After the latest price jump many see stronger gains ahead. X user Aman claimed that PUMP is testing a major descending resistance rejected twice before and a daily close above 0.00205 could spark a strong breakout.
“Bulls are one breakout away from changing the entire structure” the X user suggested.
Nehal opined that PUMP is pulling back into a key demand zone after reclaiming structure and could soar over 80% if bulls hold the area.
Bears Facing Knockdown or Knockout? 🕷️
The broader crypto market stays trapped in a persistent bear phase so sudden spikes like this might prove fleeting and trigger pullbacks. Something similar unfolded last week when PUMP posted a 20% daily jump only to slide in following days. PUMP’s Relative Strength Index has climbed above 80 flagging overbought conditions that often precede corrections while readings below 30 usually mark buying chances.
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Just another echo from the void by iconofsin.eth 💖
