PUMP (Pump.fun) increased by 7.24% in the past 24 hours, with a market capitalization of approximately $876 million.

PUMP4.76%

Gate News Bot Message, January 12th, according to CoinMarketCap data, as of press time, PUMP (Pump.fun) is currently priced at $0.00247405, up 7.24% in the past 24 hours, with a high of $0.00269543 and a low of $0.00206074. The 24-hour trading volume reached $168 million. The current market capitalization is approximately $876 million, an increase of $59.1 million from yesterday.

Important recent news about PUMP:

1️⃣ Platform Function Innovation and Fee Mechanism Reform Support Ecosystem Development
Pump.fun has launched a creator fee sharing feature, allowing fees to be distributed to up to 10 wallets, and also supports creators transferring token ownership and revoking update permissions. The platform’s co-founder announced that a market-based approach will be adopted for reforming the creator fee mechanism, where traders will decide whether the narrative is worth earning creator fees. These initiatives aim to optimize user experience and enhance platform competitiveness, providing policy support for ecosystem activity.

2️⃣ RWA Sector Exclusive Trading Platform to Launch and Expand Ecosystem Map
WorldAssets has completed a brand and product system upgrade. Its dedicated RWA trading platform, RWAX DEX, will go live on January 19th. The platform integrates key processes such as RWA asset application, information disclosure framework, and trade matching. It plans to focus on supporting 3-5 benchmark assets in the initial application phase and will introduce an ecosystem incentive mechanism. RWAX is positioned as “the Four Meme of the RWA sector,” aiming to expand the user base through clearer sector identification and lower friction participation mechanisms. The launch of this platform is expected to bring new asset classes and participants into the Pump.fun ecosystem.

3️⃣ Market Participants’ Bullish Sentiment Rises but Cautious of Leverage Risks
Large capital continues to build long positions in PUMP, with a trader opening a 10x leveraged long position worth 2 billion tokens, currently valued at $4.77 million, indicating a significant bullish consensus in the market. Meanwhile, on-chain activity on the platform continues to increase, with a recent 7-day gain of about 30%, and trading volume and futures contract participation also rising. However, leverage levels in the derivatives market have reached considerable scales, and investors should be cautious of volatility caused by liquidations of high-leverage positions.

This message is not investment advice. Please be aware of market volatility risks when investing.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

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GateNews5h ago
Comment
0/400
JayJauravip
· 01-12 10:02
pump will go to 0.008 soon
Reply0