The crypto market is recovering today and Pump.fun (PUMP) seems to have captured investors’ attention. The token has gone up by 10.5% in the past 24 hours alone as trading volumes doubled.
PUMP has surpassed the $0.0040 mark and has accumulated 8% in the past 7 days. As a result, its year-to-date (YTD) performance has moved once again to positive territory.
Trading volumes currently account for a quarter of the token’s circulating market cap, exceeding $400 million already at the time of writing.
Pump.fun has managed to burn 10% of its circulating supply since PUMP was launched. This is possible through its ongoing burn program, designed to use all of the fees collected by the protocol to reduce the asset’s supply.
Thus far, the project has repurchased $171 million worth of PUMP, helping the price stay afloat during the latest downturn.
Meanwhile, Pump.fun’s lead in the launchpad market on Solana remains strong, capturing 58% of the total trading volumes of this segment in the past 30 days. Its market share is nearly three times higher than its closest competitor – LetsBonk.fun.
The project has been fine-tuning its mobile app lately, incorporating new features every week to further strengthen traders’ user experience. These improvements include advanced filtering and screening, and dashboard tools.
The acquisition of Padre App has helped it in making progress to become the most advanced trading interface for meme coin speculators.
PUMP Could Deliver Attractive Gains After Bouncing Off Key Supports
Looking at the 4-hour chart, PUMP has jumped above a key resistance at $0.0042, shortly after bouncing off a key support at $0.0035 in early November.
The market as a whole seems to be recovering as President Donald Trump is confident that the U.S. government shutdown will end this week.
That said, market sentiment remains heavily depressed as the Fear and Greed Index stands at 29. This means that investors are still fearful about the future of cryptos.
As PUMP hits the 200-period exponential moving average (EMA) in this lower time frame, bulls will need to break above this mark decisively to keep the rally going. If that happens, the next stop would be the $0.0052 level, meaning a 20% upside potential.
Meanwhile, if the price keeps rallying and Trump gets the deal done, it could soon get to $0.0075. The Relative Strength Index (RSI) has sent a buy signal in this 4-hour time frame, as it jumped above the 14-period moving average.
PUMP’s sudden uptick is a positive signal for the meme coin segment. Top crypto presales in this category, like Maxi Doge ($MAXI), could benefit from this trend. This project has raised nearly $4 million in a heartbeat to build a strong community of like-minded traders.
Maxi Doge ($MAXI) is a Community-Centered Meme Coin for ‘Degen’ Traders
Maxi Doge ($MAXI) takes the classic Doge meme and gives it a high-octane twist for the trading crowd that loves risk, chaos, and community.
This Ethereum meme coin brings retail traders together. It allows them to share their best setups, insights, and ideas with others to gain further influence within the community. In addition, they can compete through contests like Maxi Gains and Maxi Ripped and earn attractive rewards.
Up to 25% of the presale’s proceeds will be invested into the most promising tokens of the cycle. The gains will be reinvested into the project to boost its marketing efforts to raise awareness and further pump $MAXI.
On top of that, holders can stake their $MAXI tokens for additional yield and join upcoming partner events tied to major trading platforms.
For traders who see memes as more than a joke, Maxi Doge turns community energy into a movement.
To buy $MAXI and join the pump, simply visit the official Maxi Doge website and connect your wallet. You can either swap USDT or ETH for this token or use a bank card to invest.
