🚀 PUMP Token Explodes Onto Market: 50% Surge at Launch!

PUMP Token didn't just debut—it mooned straight out the gate. A 50% leap from its public sale price signals either irrational exuberance or the start of something big (we'll let the bagholders decide).

Market Frenzy Meets Meme Magic

Traders piled in like it was a free airdrop, pushing PUMP into the green while 'serious' assets flatlined. Another day in crypto—where fundamentals take a backseat to hype cycles and FOMO.

Just remember: What pumps 50% on Day 1 often dumps 70% by Week 3. But hey, at least it's more exciting than your bank's 0.01% savings account.

PUMP Is Now Available for Trading

Pump.fun, the most popular meme coin launchpad, has built a lot of HYPE with its new PUMP token. After some confusion regarding the launch announcement, the presale took place on July 12, selling out in 12 minutes.

Today, PUMP trading is now open to the public, allowing retail investors to participate:

$PUMP trading is now live!

thank you to all who participated in the $PUMP public sale. it’s time to build the future of crypto and social media on Solana.

we couldn't be more excited for what's to come! pic.twitter.com/6p7qdXLb1t

As far as token launches go, Pump.fun has created a huge hit with PUMP.

According to data from GMGN, PUMP started trading at $0.0061301, giving it a fully diluted valuation (FDV) of $6.13 billion. This is impressive compared to its public sale price of $0.004, representing an increase of approximately 53.25%.

Naturally, the token’s price fluctuated throughout the day thanks to retail investors’ profit-seeking. After Pump.fun announced public trading, PUMP soared dramatically, but quickly fell back down.

Still, its current price is higher than its presale valuation, which seems like an encouraging sign.

Currently, around 55% of trading volume is on decentralized exchanges, with only Bybit and KuCoin representing CEXs. Pump.fun’s own Pumpswap platform represents around 20% of PUMP trading activity, and Raydium and Meteora make up most of the remaining DEX volume.

All things considered, Pump.fun did quite well with the PUMP launch. The presale faced several key setbacks in addition to the announcement mixup: The platform lost its market dominance, the community criticized the presale, and many whales bet against the token.

Nonetheless, PUMP had a good showing, demonstrating high enthusiasm. While Binance is yet to list the token on its spot market, PUMP is available on Binance Futures.