The transfer of 2 billion PUMP tokens to Binance by Pump.fun is significant, valued at 12.75 million USD. Analysts see this as indicating strategic liquidity maneuvers. However, without transparency, community skepticism is prominent.
Despite the PUMP price being at 0.00 USD, it boasts a market cap of 1.54 billion USD, experiencing a 54.52% drop in trading volume over the past 24 hours. The move reflects traditional management tactics seen in ICOs.
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