PUMP(Pump.fun)24 hours pump 11.08%

Gate News Bot News, September 04, according to CoinMarketCap data, as of the time of writing, PUMP( Pump.fun) is currently priced at $0.00420571, rising 11.08% in the last 24 hours, with a high of $0.00433426 and a low of $0.00324938. The 24-hour volume reached $338 million. The current market capitalization is approximately $1.489 billion, an increase of $148 million compared to yesterday.

Pump is a platform that allows anyone to create tokens. All tokens created on Pump are fairly released, which means that when a token is first created, everyone has an equal opportunity to buy and sell. The method of use is as follows: Step 1, choose your favorite token; Step 2, purchase the token on the binding curve; Step 3, sell at any time to lock in your profits or losses.

PUMP recent important news:

1️⃣ Platform revenue significantly rises pump.fun's revenue in the past 24 hours reached $2.55 million, surpassing Hyperliquid's $2.23 million during the same period, making it one of the highest-earning applications in the cryptocurrency sector. This significant rise in revenue reflects a substantial increase in platform user activity and volume, which could be a key factor driving the PUMP price pump.

2️⃣ New fee model increases creator earnings pump.fun has launched a new fee model, and within 24 hours of the update, creators on the platform earned $2 million in revenue, a significant increase compared to the previous fee structure's revenue of $198,000. This change is expected to attract more creators to join the platform, thereby enhancing the quality of content and user engagement on the platform.

3️⃣ The continuous repurchase plan reduces the circulation pump.fun has invested 373476 SOL for PUMP buybacks to date, with a total buyback amount of approximately 67574919 dollars, and the buyback scale has offset 5.064% of the circulating supply. This ongoing buyback strategy helps to reduce market circulation, which may provide long-term support for the PUMP price.

From a technical perspective, the PUMP price has shown a significant rise in the past 24 hours, with an increase of 11.08%. This upward trend may be related to the platform's revenue growth, the implementation of a new fee model, and the ongoing buyback plan. However, it is important to note that the cryptocurrency market still carries a high level of volatility, and investors should carefully assess the risks.

This message is not intended as investment advice; investors should be aware of market volatility risks.