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Pump.fun (PUMP) Price: Wintermute’s Multi-Million Dollar Buy Triggers 13% Rally
In a stunning turn of events, the price of Pump.fun (PUMP) has surged an astonishing 13%, driven by a massive buy order from Wintermute. The unprecedented move saw PUMP’s value climb to $0.002909.
Wintermute, a leading algorithmic trading firm, made headlines by accumulating a staggering $3.55 million worth of PUMP tokens over the past 24 hours. This monumental purchase has propelled the memecoin ecosystem into the spotlight, with analysts scrambling to make sense of this rapid price increase.
The token’s remarkable performance was fueled by its recent buyback program, which saw nearly 3 billion tokens removed from circulation using $19.26 million. The token’s circulating supply now stands at roughly 354 billion PUMP tokens.
Market observers are now left trying to pinpoint the catalyst behind this explosive surge. However, it is clear that a significant amount of buying pressure has emerged, potentially signaling a new era in memecoin market dynamics.
Source: coincentral.com
