Near 60% of PUMP Presale Don Sold Amid 19% Price Drop
PUMP token presale raise $500 million for 12 minutes and peak reach $0.006812. The price later drop 19% come down to about $0.0054. BitMEX data show say 59.6% of presale tokens don sell or send go exchange. Another 37.4% wallets still hold, and 3% increase their position. Funding rates for PUMP perpetual futures still dey positive, meaning demand still dey. Trading volumes for Pump.fun launchpad don drop from $11.6 billion for January go $3.65 billion for June. This drop for volume dey cause worry about liquidity and if valuation fit sustain. Solana-based launchpad LetsBonk catch 54.7% of meme token volume in 24 hours. Traders suppose dey watch token distribution, funding rates and launchpad volumes to sabi price shakings and market stability.
Neutral
Mixed signals from di PUMP token presale dey show say market go likely remain neutral. For one side, almost 60% of di tokens don sell or transfer go exchange, plus price don fall almost 20%, wey fit make short-term sentiment soft. But for di other side, positive funding rates for perpetual futures mean say demand still dey hold. Plus, di competition between launchpads fit affect liquidity, not di direct market direction. Overall, di balance between supply pressure and ongoing demand dey support neutral outlook.