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PUMP Token Struggles After Initial Hype, Market Cap Dips Below $1B
PUMP Token Struggles After Initial Hype, Market Cap Dips Below $1B
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BTCCSquare news:
Pump.fun's PUMP token, which initially raised $500 million in a rapid-fire ICO, has seen its market capitalization plummet below $1 billion. The token's value has dropped over 30% from its ICO price and 75% from its all-time high, sparking concerns among traders and investors.
Despite the downturn, some analysts remain optimistic. Buyback initiatives and new incentives could provide a lifeline for PUMP, according to market watchers. The token's sharp decline—4% in the last 24 hours alone—has left the community divided on its long-term viability.
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