$PUMP Hits All-Time High, Streamer Era and More Content
Author: Viktor DeFi
Translated by: Blockchain in Plain Language
Today we will explore the return of Pump Fun and the streamer narrative, along with some other alpha information.
The price of the $PUMP Token recently broke its all-time high (ATH), leaving skeptics in disbelief. You may recall that the Token sale of PumpFun in July was one of the most controversial events of the year.
This was mainly because some believed it was just another VC cash-out game, while others thought it was the project team's biggest cash-out heist. However, months later, the team proved their long-term viability by continuously launching products and deploying new strategies.
Key Catalysts Behind the Price Surge
- Pump.fun implemented an aggressive buyback plan. So far, they have invested nearly $95 million in buying back $PUMP Tokens, reclaiming about 6.6% of the circulating supply.
Currently, they are buying back Tokens at a rate of approximately $1.3 million to $2.3 million per day, creating sustained demand for their Tokens and positively impacting their performance.
Nothing markets better than a good Token price. The trading volume of PUMP's Token surged in the last 24 hours, surpassing $1 billion for the first time.
Pumpfun has relaunched its live streaming feature. Last year, the platform had to shut down the initially launched live streaming feature due to some users abusing it with harmful content. Around the second quarter of this year, they relaunched the live streaming feature with new guidelines and policies.
Pumpfun's live streaming feature is gaining explosive attention and traffic due to its highly attractive incentive model. They share 50% of the platform's revenue with creators and allocate 0.05% (in SOL) of each Token transaction volume to creators.
To qualify, the Token must meet at least one of the following criteria: newly minted on Pumpfun, still trading through Pumpfun's joint curve, or has "graduated" to PumpSwap.
Pumpfun's 24-hour revenue has just surpassed Hyperliquid, with creators on their platform earning over $20 million in the past 7 days. This has gradually become the mainstream narrative. Creators are flocking to the platform's live streaming feature, hoping to get a piece of the pie.
Seize the opportunity while it's hot.
Coinbase Hints at Launching Another Token
Rumors about Coinbase exploring another Token have been around for a while, but their recent announcement clarified the situation. This is huge news for traders and airdrop hunters.
If you haven't been paying attention to Coinbase and the Base ecosystem, now is the time. Move some funds cross-chain to Base and start exploring.
You can start with the following projects:
- Coinbase
- Base
- Farcaster
- Zora
- Virtuals
A storm is coming. Please stay positioned.
Alpha Picks and Tweets
Article link: https://www.hellobtc.com/kp/du/09/6030.html
Source: https://viktordefi.com/p/pumpfuns-epic-comeback
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