Pump.fun (PUMP) has jumped by 10% in the past 24 hours as trading volumes have skyrocketed by 150% to begin the week on a strong note.
Despite this uptick, the token has accumulated a 4% retreat as the crypto market as a whole pulled back a few days after the U.S. Federal Reserve cut interest rates for the first time this year.
After a brief scare, Pump.fun has managed to maintain its lead in the Solana launch pad market with a 77% share, according to data from Jupiter.
In the past 30 days, the protocol has processed $15.3 billion in trading volumes compared to just $2.6 billion by its top competitor, LetsBonk.fun.
In addition, the project announced the relaunch of Livestreams and a new rewards program called Ascend that could further fuel traders’ interest in minting more meme coins in the near term.
Rewards are typically used by protocols like Pump.fun to attract higher trading volumes. Fortunately for the project, its war chest is big enough and its ecosystem growth initiatives have been good enough to convince the community that they are a worthy leader of the launch pad category.
Meanwhile, data from the protocol indicates that token burns have been accelerating and now account for 7.6% since the PUMP token was launched. Pump.fun uses 100% of transaction fees to burn assets, which reduces the circulating supply and leads to a higher price.
PUMP Breaks Out of Falling Wedge – Next Leg Up Starting?
The 4-hour chart shows a breakout of the token’s falling wedge that could push PUMP to $0.006 in the near term again.
That would be the key resistance to watch to confirm if buying interest is strong enough to ignite the next leg up for this Solana-based token.
The Relative Strength Index (RSI) has been climbing in this lower time frame, meaning that positive momentum is gaining traction. The oscillator already surpassed the mid-line and is finding support temporarily at the 200-period exponential moving average (EMA).
If this uptick leads to a breakout above $0.007, we could witness a big move to its September 17 highs of $0.0085 again. This means an upside potential of 21% at least for those who buy after the breakout is confirmed.
As altcoin season begins, presale meme coins could deliver sizable gains. However, sniping the best new tokens can be a daunting task, as there are too many scams and unworthy launches out there.
Snorter ($SNORTER) is an automated trading bot designed to identify hidden gems in the Solana and Ethereum networks. Its presale has raised more than $4 million in just a couple of months, and this could be the next token to 10X once it hits the exchanges 20 days from now.
Snorter ($SNORT) Makes Automated Trading of Meme Coins Easy
Snorter ($SNORT) is more than just a meme coin – it’s the native token that powers the Snorter Bot, a crypto trading tool built directly into Telegram.
Instead of bouncing between apps, charts, and shady smart contracts, traders can now scan, snipe, and swap tokens in seconds, all from a single chat window.
The bot is designed to avoid the biggest headaches in meme coin trading, like MEV exploits, honeypots, rug pulls, and endless manual research. With features like automated sniping, copy trading, and MEV-resistant swaps, Snorter turns Telegram into a full-on trading desk.
Early buyers aren’t just picking up another presale token – they’re getting access to a powerful trading system that’s already gained traction within the community.
Once the bot starts to deliver positive results, the demand for $SNORT should skyrocket. You still have a chance to grab this token at its presale price of $0.1063 before the event ends.
To buy $SNORT, head to the Snorter official website and link your wallet. You can either swap SOL or USDT for this token or use a bank card to invest.
