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🚨BREAKING: Merchants in Panic Mode as Pump.fun Redemptions Plummet 50% 📉💸 What’s Next
ngmi on $PUMP 😭…when moon tho 🚀?
merchants should worry about the 50% drop in pump redemptions: decreased capital entries led to a significant decline in transactions and income for Pump
merchants should worry about the 50% drop in pump redemptions: decreased capital entries led to a significant decline in daily pump chip buyouts
Key dishes to remember 🍽️
Affairs plunged 50% to $1.27 million, income dropped to $1.3 million, and transactions reached a three-month low. What levels are there for the pump? The support was $0.0055 with a risk of $0.0050. Recovery of $0.0065 requires stronger inputs from the Pump.fun team. Pump.fun (Pump) struggled since reaching $0.0087 on September 15, exchanging at $0.0058, with a weekly loss of 25%. Market capitalization dropped from $3 billion to $2.06 billion.
Research fell to August levels 📉
The main factor causing the drop in prices has been reduced capital entries. The buyouts of daily pump chips decreased by 50% in USD compared to 10 days before. On September 22, the team acquired 203 million pumps, worth $1.27 million, the lowest since August 5. Paying $3 million daily to creators and an additional $3 million for buyouts was unsustainable.
The drop in income strikes the activity 💸
Due to reduced income, the Pump.fun team reduced acquisitions. Protocol revenues decreased to $
Why merchants should worry about the 50% drop in pump redemptions.
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