Pump.fun’s PUMP token is on a positive trajectory, achieving a 3% rise and extending its gains to five days. A prominent investor, labeled a whale, has invested over 3 million USD in a long position, profiting nearly 160,000 USD.
However, the platform’s revenue has stabilized at around 1,269 SOL, down from significantly higher figures earlier. This indicates a potential decline in the hype surrounding meme coins.
PUMP is testing a crucial resistance at 0.003260 USD, last seen Thursday. If it closes above this mark, the price could rise to 0.003776 USD, reflecting a bullish trend supported by positive technical indicators.
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